Phil Galfond launches new DFS site called Draftboard, which attempts for a smarter approach to the DFS ecosystem.
Professional poker player Phil Galfond has branched into the world of daily fantasy sports with the launch of a new DFS site called Draftboard late last month.
In a DFS market that has been consolidating operators over the last couple years, Draftboard faces an uphill battle to compete with the likes of FanDuel, DraftKings and even smaller DFS sites such as Fantasy Draft or Yahoo Daily Fantasy. The new site hopes to carve out a niche by putting a stronger focus on recreational players, something that top sites have aggressively tried to accomplish as well in recent years.
Hey all. I'm excited to announce the launch of Draftboard! We've been working hard on it for quite some time: https://t.co/8CnXtCqMAV
— Phil Galfond (@PhilGalfond) September 28, 2017
Below are a few basic questions answered about this new DFS site.
How does Draftboard work?
Like a standard daily fantasy sports site, Draftboard users attempt to create the best possible lineup while staying under a salary cap. From there, a player can enter contests with the lineup and then keep up with the action through an engaging and graphical-focused scoring page, seen below
Draftboard scoring is similar to standard fantasy scoring, with “PPR” daily fantasy football scoring.
So how is Draftboard different?
Draftboard aims to offer to level the playing field with “Fair Match.” The system consists of two main features – separate lobbies and a new take on multi-entries, which some argue have hurt DFS over the last few years.
Lobbies are separated by buy-in. In the “Rookie” lobby, players can enter contests with buy-ins ranging from $1 to $5 while in the “Veteran” lobby, contests will be available from $10 to $50. The catch is that a player may only enter contests from one lobby during a given day.
Once the first games start for a daily fantasy contest, your entries will be matched with randomly selected opponents for that contest type/buy-in. In addition, Fair Play will also put your first entry against another player’s first entry, your second entry against an opponent’s 2nd and so on.
Draftboard provides an in-depth example of how this works on their Fair Match page.
What sports and types of games are available on Draftboard?
As of October 6th, Draftboard offers contests for only daily fantasy football contests, with some limited major league baseball contests available during the playoffs. The homepage of Draftboard implies that basketball and hockey is also in the works.
Draftboard offers head to head, 50/50s and tournaments.
What is the introductory offer for Draftboard?
New players can receive a small no deposit bonus of $1 after signing up to Draftboard. Players will then be able to enter a contest for a NFL Record Breaker as well as an opportunity to win a part of $10,000.
Who is available to play Draftboard?
While FanDuel and DraftKings restricts players from about 10 states, Draftboard appears to be taking a conservative dive into DFS. They are currently to play in about 30 states. Players can not join contests from the following states: Alabama, Arizona, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Missouri, Montana, Nevada, New Hampshire, New York, Texas, Vermont, Virginia and Washington
What deposit methods are available at Draftboard?
All deposits can be made through Paypal and credit card. Withdrawals are processed Paypal. In order to make a deposit at Draftboard, you will need to verify your identity which may be adding your social security number or identification.
Is Draftboard safe?
According to the Draftboard website, all player funds are held with Draftboard Player Funds Inc, which they state is legally prohibited from commingling assets.