The Daily Parker

Politics, Weather, Photography, and the Dog

Getting shafted by fantasy sports

The New York Times Magazine has an in-depth analysis of the daily fantasy sports (DFS) industry. I'm not that interested in fantasy sports, but this article had me riveted:

Here’s how it works: Let’s say you run D.F.S. Site A, and D.F.S Site B has just announced a weekly megacontest in which first place will take home $1 million. Now you have to find a way to host a comparable contest, or all your customers will flee to Site B to chase that seven-figure jackpot. The problem is that you have only 25,000 users, and the most you can charge them to enter is $20 per game (anything higher is prohibitively expensive). And you’ll need $2 million or even $3 million in a prize pool if first prize is valued at $1 million (remember, you still have to pay second place, third place and beyond). So you need to somehow quadruple the number of entries. But how? You’re already paying high cost-per-acquisition fees to sites like RotoGrinders, which charge, according to Harber, anywhere between $100 and $200 per person they refer to your site, and you’ve already put your logo on every bus, trash can and ESPN screaming-heads show out there. You’ve also kicked in some of your own money (known as “overlay”) to spice up the pot.

The solution is simple: You let each contestant enter hundreds of times. But even given this freedom, a majority of people will enter only a few more times, which will help but probably won’t get you all you need. If, however, you can attract a few high rollers who are willing to book several hundred or even several thousand entries apiece, the path to the $1 million first prize becomes a lot more manageable. And as long as you can make sure those players keep pouring in their thousands of entries, you can keep posting the $1 million first prize all over your ads.

In the game lobbies of DraftKings and FanDuel, however, sharks are free to flood the marketplace with thousands of entries every day, luring inexperienced, bad players into games in which they are at a sizable disadvantage. The imbalanced winnings in D.F.S. have been an open secret since this past September, when Bloomberg Businessweek published an exposé on the habits of high-volume players. The numbers are damning. According to DraftKings data obtained by the New York State attorney general’s office, between 2013 and 2014, 89.3 percent of players had a negative return on investment. A recent McKinsey study showed that in the first half of the 2015 Major League Baseball season, 91 percent of the prize money was won by a mere 1.3 percent of the players.

So, how is this at all fun to casual players? Someone explain it to me.

 

Things I can waste time with today

Since my company is closed today, and I have no obligations until late this afternoon, I'm taking my time fixing a bug and deploying a software package. So I actually have the bandwidth to read these articles right now, as opposed to "someday:"

I do have to fix this bug, though. Better get back to it now.

Three things to read today

First, the New Republic's Jeet Heer reminds us that Donald Trump is a bullshitter, not a liar, and is that much more dangerous for it:

The triumph of bullshit has consequences far beyond the political realm, making society as a whole more credulous and willing to accept all sorts of irrational beliefs. A newly published article in the academic journal Judgment and Decision Making
links “bullshit receptivity” to other forms of impaired thinking: “Those more receptive to bullshit are less reflective, lower in cognitive ability (i.e., verbal and fluid intelligence, numeracy), are more prone to ontological confusions and conspiratorial ideation, are more likely to hold religious and paranormal beliefs, and are more likely to endorse complementary and alternative medicine.” 

It’s no accident that Trump himself is receptive to bullshit ideas promulgated by the likes of anti-vaxxers. A President Trump, based on his own bullshit receptivity and his own bullshit contagiousness, would lead a country that is far more conspiratorial, far more confused, and far less able to grapple with problems in a rational way. Trump’s America would truly be a nation swimming in bullshit.

Next, a heartwarming story of how LifeLock allowed a man to set up an account to stalk his ex-wife, and then did nothing when she complained:

Not only did the company not respond to her queries about the situation, she tells the Republic that LifeLock actively tried to block her access to the account — in order to protect the privacy of her ex-husband.

While she was able to block her ex from having access to the service, he was still able to close the account because he was the one who had paid for it. Rather than help her by providing the requested documents or keeping the account open, LifeLock advised that she open an entirely new account.

Finally, from Cranky Flier, the account of the last airplane to roll off an assembly line in California, ending a 102-year-old industry there:

As aircraft manufacturing dried up around the state, Long Beach became the last holdout. When Boeing merged with McDonnell Douglas, the entire Douglas commercial line was terminated in short order except for the MD-95. That became the Boeing 717 and made it all the way to May 23, 2006. On that day, the last two were rolled across Lakewood Blvd on the east side of the airport and delivered to AirTran and Midwest. Commercial aircraft production in the state died that day.

But on the west side of the field, the military C-17 soldiered on. The C-17 is a beast of an airplane. It’s a massive military transport that is essential for the US military. The problem is that the military has all the C-17s it needs. Production peaked at 16 a year in 2009, but that has been ramping down every year since. The aircraft was marketed to foreign countries and orders did roll in — enough to keep the production going for longer than expected — but the end has finally arrived.

The last airplane to be delivered took off from Long Beach around midday on Sunday.

There's a video of the plane taking off, too. (C-17s are pretty damned impressive.)

Things to read

A couple of articles floated through my awareness today:

Happy reading.

 

Are we finally having a constructive discussion about security?

The Boston Globe thinks it's time to do away with the TSA:

Let’s face it: The Transportation Security Administration, which annually costs taxpayers more than $7 billion, should never have been created. The responsibility for airport security should never have been federalized, let alone entrusted to a bloated, inflexible workforce. Former TSA administrator Kip Hawley calls it “a national embarrassment that our airport security system remains so hopelessly bureaucratic” and warns that “the relationship between the public and the TSA has become too poisonous to be sustained.” More tests and more failures won’t fix that. Scrapping the TSA would.

Fearmongers might howl, but abolishing the agency wouldn’t make air travel less secure. Given the TSA’s 95 percent failure rate, it would likely make it more secure. The airlines themselves should bear the chief responsibility for protecting planes and passengers at airports. After all, they have powerful financial incentives to ensure that flights are free of danger, while at the same time minimizing the indignities to which customers are subjected. Their bottom line would be at stake. The TSA feels no such spur.

I am posting this from an airplane, by the way. I understand that this has the potential for tragic irony.

Don't selfie secrets

By "secrets" I mean any data you don't want known to the public. In a recent incident (via Schneier), that should include posting a selfie of yourself holding a winning betting ticket:

A woman has lost $825 she won betting on the 2015 Melbourne Cup after she posted a photo of herself holding the winning ticket on Facebook.

According to The Daily Mail, a woman named Chantelle placed a $20 bet on the 100-to-1 shot Prince of Penzance at this year’s Melbourne Cup, Australia’s most prestigious Thoroughbred horse race.

Chantelle believes that though her fingers were covering up part of the ticket’s barcode in her selfie, a “friend” on her profile might have used her photo and [another photo of the ticket] to piece together the complete barcode, run it through an automated machine, and claim the winnings themselves.

So, kudos to Chantelle for knowing not to post the entire barcode, but, um, maybe she shouldn't have posted any of it?

More guns on planes?

The Economist reports that gun seizures at TSA checkpoints have risen dramatically:

TSA agents discovered 68 firearms in travellers’ carry-on bags. That is the most the agency has ever found in a week. Of them, 61 were loaded, and 25 had a round in the chamber, ready to fire.

The record probably won’t stand for long. The prior high-water mark for intercepted guns was  set a month earlier, when TSA agents found 67 firearms. As the Washington Post points out, it’s all part of a steady upward trend that stretches back at least a decade. In 2005, for every 1,000 air travellers, TSA agents discovered an average of less than one gun. In 2015, through the summer, the figure is more than three.

And of course that is just what TSA is catching. In a recent test, agents posing as passengers were able to sneak fake weapons and bombs through airport security 96% of the time. If the TSA agents were as sloppy last week as that exercise suggested, then there weren’t just 68 firearms packed into carry-on bags; there were more like 1,700.

Why are there so many more guns at TSA checkpoints? Possibly because there are so many more guns:

Gun production has more than doubled since President Obama took office, as gun advocates who fear that the president might crack down on the sale of firearms rush out to buy them, either in protest or in fear of future restrictions. But Mr Obama has not been able to persuade Congress to enact new gun-control measures, and so sales have continued to climb unimpeded.

I love living in a 19th-century country, don't you?

FitBit attack vector?

Via Schneier, a report that FitBit trackers could, in theory, spread malware to users' computers:

The athletic-achievement-accumulating wearables are wide open on their Bluetooth ports, according to research by Fortinet. The attack is quick, and can spread to other computers to which an infected FitBit connects.

Attacks over Bluetooth require an attacker hacker to be within metres of a target device. This malware can be delivered 10 seconds after devices connect, making even fleeting proximity a problem. Testing the success of the hack takes about a minute, although it is unnecessary for the compromise.

"Fortinet first contacted us in March to report a low-severity issue unrelated to malicious software. Since that time we’ve maintained an open channel of communication with Fortinet. We have not seen any data to indicate that it is currently possible to use a tracker to distribute malware," [FitBit said].

The researcher has made it clear that this is a proof-of-concept attack, and not one that exists in the wild.