- Sports Betting
- US Betting
- Daily Fantasy Sports
Instead the daily fantasy sports spinoff sells the usual pipedreams while not necessarily bringing anything new to the table. It’s a serviceable and fun gateway for DFS newbies, but doesn’t offer enough player value to justify long term play.
Launched recently, Sports Jackpot is a joint venture between BetStars and StarsDraft (Amaya’s fantasy sports arm).
Those familiar with traditional fantasy sports will recognize a number of parallels. Namely, players choose a predesignated number of athletes, with the aim of choosing the combination of players that will score the most fantasy points.
The games are conducted via the tournament format, and feature a guaranteed prize pool with top performers winning escalating pieces of the pie.
The conditions for winning the $1 million are unsurprisingly difficult. Put simply, players must select the highest scoring player from each group. Significantly smaller prizes ($100 – $10,000) are doled out to players who select five, six, or seven winners. (Such promotions have existed in US-facing DFS sites, although without a direct entry fee.)
Think of it like an eight-team parlay, except instead of winning eight head-to-head matches, players have to win eight battle royals.
For players initially turned off by daily fantasy sports due to its complexity, Sports Jackpot appears to offer a solid alternative. But there are a few problems.
For one, the house takes 10 percent of every entry fee for its $3 and $10 contests. Admittedly, that’s still better than similarly priced tournaments at DraftKings, which rakes as much as 15 percent for its $3 contests.
But an argument can be made that the house take for traditional (more complex) daily fantasy games can be at least partially overcome through skillful play.
That argument doesn’t hold as much water with regards to Sports Jackpot, a game with only one tier of complexity. Yes, skillful selection will benefit the player, but turning the tables over the long haul may prove impossible.
Then there’s the jackpot element. At first glance, it doesn’t seem that difficult to hit. Some may even reason that BetStars is taking a big risk seeding the jackpot at $1 million.
However, a closer look reveals that this is not the case at all.
To wit, for one PGA Golf event we calculated a total of 57.6 million distinct athlete combinations. A jackpot entry costs $2 a pop, meaning that a player choosing players at random would run through $115.2 million, on balance, before hitting.
This observation isn’t totally fair, as players will win myriad three, four, and five digit prizes along the way. That, and the jackpot bet is completely optional. And the skill element in player selection is better than a random selection.
But it isn’t that off-base either, considering the low skill edge to be had, and that the athletes from each group are relatively equal in terms of their ability to put up fantasy numbers.
All this said, Sports Jackpot does win points for its accessibility, which spans both the game itself and the cleverly designed user interface.
And not for nothing, the $1 million sweats — no matter how absurd the odds — provide an added layer of engagement to an already engaging format.
Unfortunately, BetStars’ new variant loses all those points and more for being as close to an unbeatable game as we’ve analyzed.