Fan Duel has been very successful at running the largest tournaments in daily fantasy sports. Their baseball and football events are happenings that attract a lot of press.
This season Fan Duel announced their biggest prize pool yet. The 2012 FFFC will have a finals prize pool of $350,000, with $150,000 going to the winner.
I know these tournies are very popular with the average player. It's kind of a lottery mentality: $10 and a dream. I'm warning you now that if you play these qualifiers heavily, your dream could become a nightmare.
Because Fan Duel rakes these qualifiers at about twice what they rake the regular tournies.
This season there are two levels of qualifiers: $10 and $270. Let's start with the $270 level, which is capped at 99 entries. Each quaifier awards one seat in the final, with an average value of $14,583. They also award $6,250 in runner up prizes.
That's a payout of $20,833 while taking in $26,730.
Let me do the math for you: $5897 in rake each time. 22.06% rake.
The $10 qualifiers could be even steeper rake, because the tournaments are not capped (while the payouts are identical). There has rarely been an overlay in any DFBC/FFFC qualifier.
I realize it's just fun entertainment for some players to "take their shot". But as I said last year, you are more likely to make a solid profit sticking to the regular NFL tournaments.