Quote of the day
"Can these fake Titan fans [shut up] on my timeline I don't have a regular job so don't compare me to you and I can care less if uthink I'm greedy." -- Titans RB Chris Johnson, tweeting in response to criticism over his holdout
Draft$treet has launched their NFL football contests. For existing customers, they are currently offering a 25% deposit bonus on deposits up to $400 (use deposit bonus code NFL2011 – valid through Sept 15). This means that for a deposit of $400 you would receive an extra $100 in bonus money that can be applied to enter Draft$treet Contests. I believe that 20% of each contest fee is paid for with bonus money, so as long as you have bonus money in your account, your payouts have an implied “negative rake.” For example, a $5 2-team contest pays a prize of $9, but since a bonus money customer pays only $4 cash (plus $1 bonus money), that entrant gets better than a 50/50 payout potential on a head-to-head contest. For those who don’t like the implied odds of daily contest sites due to the “rake”, this provides a way to play with significantly better payout ratios.
If you have not yet registered at Draft$treet, you have en even better opportunity. New registrants who sign up using this link are eligible for a 40% bonus on their first deposit. This bonus is limited to $100, which would be earned with a $250 initial deposit.
I’ve been a limited player at Draft$treet this year, generally playing $5 contests when I have the time and inclination. On a gross basis, I’m slightly ahead – winning about 3% more than the total fees invested. But net of deposit bonuses, my winnings are more than 25% over my true cash investment. For the casual player interested in limited stakes contests, this seems like the way to go!
For details on roster configuration and scoring formulas, see the rules page at the Draft$treet site. Draft$treet football player data (salaries, points, etc.) will be provided at RotoGuru in the Sortable Stats, although probably not until after the first NFL weekend. For now, if you want to see the player salaries, once you are registered at Draft$treet you can enter a free football contest to see them.