DraftKings' new subscription service $20 a month for better betting odds (😆) \ stacker news ~Stacker

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DraftKings' new subscription service $20 a month for better betting odds (😆)ftw.usatoday.com/2025/01/draftkings-sportsbook-plus-subscription-opinion

544 sats \ 11 comments \ @BlokchainB 8 Jan Stacker_Stocks

The Draftking stock is one that has been on my watchlist for quite some time. But the idea of owning a gambling company that can ruin peoples’ lives if they don’t have any self control kept me away.

I use Draftkings to place bets but that is very few and far between and when I do place a bet it only for fun. Rarely do I place any bets over $50 or $100.

But I came across this article today and I am shocked. Draft kings is charging people $20 for better odds? What kind of racket is this!! But more importantly why is DraftKings looking for another source of revenue so early in the legalization of sports betting in US. This doesn’t sit well. They must be having growth issues to justify this.

More important how many degens are going to pay to access better odds? Does that mean the rest of us are getting worse odds thus lowering our profitability?

Terrible move by DraftKings. I think this hurts them in the long run.

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127 sats \ 8 replies \ @grayruby 8 Jan

How much better are the odds?

I have done amazing just taking cheap wins with the 50% profit boosts FanDuel offers. I pretty much take every promotional item they offer.

I don't know if it is a coincidence but as soon as I withdrew money they gave me a "no brainer boost" Bills to complete +1 pass vs Broncos original odds -10000 current odds -110. Max bet $20, pays $38. Yes I will take $18 for free.

Maybe it is just a promotion to get people betting on NFL playoffs but I thought maybe they send it out to suck you back in when you withdraw.

Anyways, I don't bet enough. I am betting usually 4 or 5 dollars a game but this might be worthwhile for people who bet more depending how much better the odds are.

40 sats \ 4 replies \ @WeAreAllSatoshi 8 Jan

I’m guessing you get better boosts and offers in Canada than I do in the US. Not sure why

189 sats \ 3 replies \ @grayruby 8 Jan

Maybe less demand for degen betting in Canada.

40 sats \ 2 replies \ @WeAreAllSatoshi 9 Jan

What are the requirements for your boosts? 3+ leg parlay with total odds of +100 or greater?

155 sats \ 1 reply \ @grayruby 9 Jan

Usually same game 3+ leg parlay. Not sure there is any odds requirements but usually there is a maximum you can bet on them.

120 sats \ 0 replies \ @WeAreAllSatoshi 9 Jan

Ah, nice. For me, the SGP always seem to have a +100 minimum odds and a max wager of $10USD.

40 sats \ 2 replies \ @BlokchainB OP 8 Jan

Yeah that’s the thing you have to bet to recoup the $20 for better odds. Those promo bets are offered to get you in the door. What I imagine is say a favorite is -250 I bet with a subscription you get -225 MAYBE -210. Draft kings has to make money too

121 sats \ 1 reply \ @grayruby 8 Jan

They probably give you some really great odds initially to get you sucked in and then as you point out have just marginally better odds than normal.

50 sats \ 0 replies \ @BlokchainB OP 8 Jan

Yeah the house always wins. The incentive is to get you hooked for the next bet

72 sats \ 0 replies \ @WeAreAllSatoshi 8 Jan

From the article, it’s not better odds, it’s profit boosts you can apply to bets, which improve your payouts. The same boosts regular users get, just in higher supply.

If you’re concerned about odds, you can compare with other betting apps, too.

70 sats \ 0 replies \ @nym 8 Jan

They are greedy like their users.