Draftkings Sportsbook Down

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Draftkings Sportsbook Down 3,5/5 5926 votes

This article is part of our DraftKings Sportsbook series.

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Saturday's slate felt like a perfect encapsulation of the NBA season to date – top teams trying to navigate a shortened offseason while still vaguely attempting to act like the regular season matters, while the large flotsam in the middle of the NBA standings still attempts to uncover their team's identity. Generally speaking, you tend to have the most success early on in a given sports season betting props as the sportsbooks take time to uncover the numbers that make lines closer and closer to the final product. We're not really getting that sort of benefit this go around despite the NBA season being only one month old. In any case, a whopping 12 games Wednesday should allow us a bit more freedom to target the best bets and hopefully, solidify a topsy-turvy season.

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Points Props

Sometimes it's best to take advantage of negative trends with the idea a turnaround is in the works. I don't really care for the odds, but taking the over on Collin Sexton's 20.5 points (-152) is a perfect example to target. I don't feel great about this as a parlay filler necessarily, at least not relative to a few other options lower in this piece, but prior to the last two games, Sexton has hit this over in all but one other game this season. The Pistons play at such an annoyingly slow pace and are just inefficient offensively so there's always a concern Sexton just might not get a ton of opportunities, but this is an easy enough matchup for the young point guard to exploit.

There are times where I like to bet the odds which can be problematic when the deadline for submitting these pieces is much earlier than a final prop-bet slate, but at the moment Cole Anthony scoring more than 13.5 points (+100) for even money is a tempting option. The Kings are woefully bad at defending the backcourt and Anthony has been getting more involved in the Magic's offense as of late, attempting double-digit shots in six of the last eight games after hitting that mark just three times in the first eight games of his career. If this moves down to -120 or DraftKings boosts the scoring total in the 14.5 range I'm out, but right now is a perfect landing spot for a buying opportunity.

Sticking in the same game is perhaps my favorite bet of the night and one I discussed in Wednesday's NBA Handicapping. If you're looking for a more sure thing, targeting Evan Fournier's 17.5-point over (-120) is great, but I like the better odds of the o24.5 points/rebounds/assists (-110). To reiterate; the Kings are very, very bad at defending the backcourt and for a game that has a relatively high total (O/U223.5) for a 12-game slate, I'm anticipating a lot of points. Fournier has been dynamic since his return from a lengthy back-related absence and I don't see that stopping Wednesday.

Rounding out this section is two lower-floor props that I think should hit. o9.5 (-134) – If he fails me again I'm just going to put together a KCP Anonymous group afterward, but Kentavious Caldwell-Pope should score over 9.5 points (-134) against the league's worst defense (by a noticeable margin) against shooting guards.

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The same type of reasoning has me interested in Gary Harris scoring over 9.5 points (-110), almost in the same type of confidence way despite KCP being noticeably higher. The Heat are still missing a ton of regular bodies and while the Nuggets are getting a number of their rotational depth back from injuries, it hasn't drastically cut into Harris' minutes. That Harris has hit this over each of the last four games gives me just a slight bit more comfort entering Wednesday's tip off.

Assists/Rebounds Props

You know the deal now with Jerami Grant; always bet the over. In this case, I think targeting the 31.5 PRA (-134) is the best bang for your buck. The Cavs aren't great at defending small forwards and we all know Grant is a critical focal point of Detroit's whole being....which explains why they are so bad. The rebounds and assists give a safer floor as opposed to the points over, which DraftKings almost mercifully has pushed up where it's not an automatic every night.

Weirdly, I feel relatively confident Montrezl Harrell will fail to reach his rebounding over (6.5, under -110). Harrell is only averaging 24.8 minutes this season and has registered less than seven rebounds in six of the last seven games. He's been close a number of times which is why I wouldn't be tossing this into a parlay, but the 76ers are also really good at limiting offensive rebounds which is theoretically where Harrell would hit the over on this figure.

It's -200 for a reason, but James Harden hitting a double-double is my favorite parlay builder for the night. Since joining the Nets he's registered a double-double in all but one game and has two triple-doubles. Because of the Nets' lack of depth Harden basically has to be out there 24/7 making this a relatively easy mark to hit.

Aaron Gordon has gone over his rebounding total (8.5, +100) in four straight games and matches up against the Kings who aren't exactly world-beaters when it comes to the defensive glass. The same goes for targeting Mikal Bridges 5.5 rebounds over (+125) with the Thunder also struggling in that category against shooting guards.

Best Bets

  • Collin Sexton over 20.5 points (-152)
  • Evan Fournier over 24.5 points/rebounds/assists (-110)
  • Gary Harris over 9.5 points (-110)
  • Kentavious Caldwell-Pope over 9.5 points (-110)
  • Montrezl Harrell under 6.5 rebounds (-110)
  • James Harden to record double-double (-200)

[toc]DraftKings CEO Jason Robins at least hinted at the idea that his daily fantasy sports company could eventually take a look at being a part of a future legal sports betting market in the US.

DraftKings and the future of sports betting?

Robins was attending the Web Summit in Portugal; you can see an interview with him here. At the summit, DraftKings announced that it would be providing live streaming of EuroLeague games. DraftKings and the pro basketball league signed a deal this summer.

There was also this nugget:

FWIW, @DraftKings CEO Jason Robins also said company will weigh options if sports gambling is legalized nationwide. Could become sports book

— Eben Novy-Williams (@novy_williams) November 7, 2017

That’s pretty vague, but that DraftKings (and FanDuel, for that matter) would be interested in a potential US sports betting market shouldn’t shock anyone.

Both companies sent representatives to the Global Gaming Expo — the world’s largest gaming conference — in Las Vegas last month. And while that had something to do with their DFS products, it’s foolish to think that’s the only reason either of them was there.

There are a lot of “ifs” about the legalization of sports betting. And there are plenty of reasons why DFS sites will find it challenging to become sportsbooks in the short term, if sports wagering becomes legal. But they also have some advantages.

First off, how would a DFS site as sportsbook work?

There are a lot of questions about how a rollout of legal sports wagering will go down in the US. But the most likely scenario is state-by-state regulation if New Jersey wins its US Supreme Court case involving sports betting.

Sports betting becoming legal nationwide would take a new law and a federal framework from Congress, something that is still difficult to envision in the short term.

That leaves an environment where sportsbooks go live piecemeal around the US, as new state-level laws go on the books (like the one we just saw in Pennsylvania).

So what’s the path of least resistance for DraftKings to become a sportsbook if that happens?

States are likely to give sports betting licenses to already-licensed gaming entities, or allow them to conduct sports gambling, in that scenario. Those casinos, horse racing tracks, etc. could then provide single-game sports betting. Those entities would likely partner with companies that specialize in running sportsbooks. (See the Nevada sports betting industry, for example.)

That leaves an opening for DraftKings to partner with a company that already has a sports betting platform and leveraging its database of US users. (That’s more than 4.5 million actives and eight million total registered users, according to the company earlier this year.)

Anyway, that’s just one plausible scenario of how a DFS site could get involved with sports betting.

There are still real-world problems of putting DFS and sports betting next to each other

Despite that possible path, there are myriad problems confronting DFS platforms getting into the sports betting business. Here’s a short list of the issues:

  • Despite the law in PA authorizing online sports betting, it’s not clear that other states that want to legalize sports betting will do so outside of a land-based setting, initially. (Still, the user databases of DraftKings and FanDuel would be valuable commodities.) But DraftKings and FanDuel, as online products, are intriguing.
  • DraftKings is used to working with a variety of regulatory bodies. There are 17 different DFS laws on the books (and possibly 18 soon). They are also licensed in the United Kingdom and by Malta. Still, outside of its UK license, it is not used to the kind of regulatory scrutiny that comes with being in the gambling sector. DFS sites becoming full-blown gambling operators would be a new world, to some extent.
  • All the above states have basically given DraftKings and FanDuel a carveout to operate outside of their gaming laws. How those states (and others) would view a hybrid DFS/sports betting platform is unknown.
  • The major US pro sports leagues all have varying degrees of interest and partnerships with DFS sites. The NHL and the MLB both have equity in DraftKings, for instance. While the leagues’ acceptance of sports betting has evolved in recent years, are they interested in having an actual investment in a sportsbook?

And that’s not an all-inclusive list of potential stumbling blocks.

The potential for sports betting is immense in the US

There’s little doubt that DraftKings would benefit from becoming a sportsbook down the road. You only have to look at the numbers from Nevada in September to see why.

Nevada sportsbooks handled over half a billion dollars in that month alone. That would be roughly a quarter of what DraftKings handles in the entire world for the entire year. (Here’s a primer on handle vs. revenue, lest anyone confuse the two things.)

The ceiling for sports betting is undoubtedly higher than the current market for DFS. That’s why, at some point, you’re likely to see more of an effort on this front from the established DFS industry.