A monthly subscription to a sports gambling site to get better odds is a smart business move but a dark turn for society.
Gambling already ruins many lives. The ability to do it from your phone 24/7, and now this likely “Amazon Prime effect” technique, will ruin many more.
Very late here, but some thoughts on DraftKings "Buy Better Parlay Odds" via a $20/month subscription (link to story in replies):
1. Parlay payouts are a black box. Not regulated at all. DK could give you a "boost" of 10% on your payout while simultaneously reducing the base payout from 6x to 5x. And then it's not a "boost" at all.
2. What we do know is that parlays are the most profitable form of betting for all books. They're holding 20-30% (or more) of each parlay from 99% of bettors. DK's stated goal is to get more people to bet more parlays, with as many legs as possible.
3. That said, people LOVE the "bet a little to win a lot" model. It's entertainment, losing 20-30% in EV for a sweat with your boys during a game is a fine deal. As long as people have their eyes open to this, great. Have fun.
4. If you do care about getting your money in good, and think you are because you know ball... I have bad news. Almost every SGP or parlay I see tweeted out on this site is expected to lose an insane amount.
Yes, maybe you disagree with our projections/sims. We can certainly be wrong. But I don't think we are so far wrong that you can overcome betting a parlay at 11-1 when we make the fair price 21-1.
5. The tax rates on sportsbook gaming revenue in states like New York are absurdly high. I'm no CPA, but I'd guess subscription revenue is not taxed as hard. Which makes the $20/month a sweet play, business wise.