The Economics of Sports Gambling (Ep. 388)
This is so "nail-on-the-head" for @Fantasy Sports Discussion
because it's touching on some of the best parts of #Fantasy
in general despite being specifically about #FantasyFootball
Early in the #Podcast
, they discuss the #Auction
type draft for a #Rotisserie #League.
GETHERS: So you put any sum of money that works — in the league I play in, the initial input is $260, and you have to put together a team roster, the same way the Yankees or the Mets or the Dodgers or the Kansas City Royals do, within a budget of $260. In my league, we do it by auction. So if you bid $8 for a player you then have $252 to pay for the rest of your players. And what the player you own does every day, that goes into your stat sheet and it’s cumulative. And at the end of the year, the team with the best statistics wins the pennant.
That's great #Economics
in general! Somebody overpays for the best player in the first pick and that means he will be thin on money for the rest of the talent. One injury on their top player and they lose the season. Being too cheap though isn't a good strategy because you'll almost guarantee that you'll have the lowest scores. Everybody is forced to play toward the middle a bit. The outcomes are very hard to predict! Therein lies the #Fun!
https://rss.art19.com/episodes/2da9fe32-3683-4fbd-88af-e7ee18fcbdb3.mp3The Economics of Sports Gambling (Ep. 388) - Freakonomics
Most people who’ve played fantasy football are familiar with the idea of a head-to-head league: your team of players goes head-to-head against another league team ...www.selfgrowth.com