Daily blurb
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!