Daily Fantasy Sports
Spoiler Alert! If you're a novice playing DFS in Nebraska, you are a minnow playing among sharks. There are no player protections in Nebraska that keep power players, known as sharks, from entering thousands of line-ups at once, contests that attract many amateur players, just like you, all of whose bets and entry fees can be swallowed by one shark.
Known as "bumhunting" in poker parlance, experienced players line up a poker game with an inexperienced player to relieve him of all his money. Daily Fantasy Sports is essentially automated bumhunting, where "the novice player is like Neo in 'The Matrix Reloaded,' fighting hundreds of Agent Smiths simultaneously." Ed Miller and Daniel Singer, McKinsey and Company, September, 2015.
"The idea these sites exist so that regular guys can make a lot of money playing daily fantasy sports is a lie. FanDuel and DraftKings are optimized for power players to rape and pillage regular players over and over again." ---- quote by Gabriel "CrazyGabey" Harber, well known DFS podcaster and DFS industry writer, Jay Caspian Kang, "How The Daily Fantasy Sports Industry Turns Fans Into Suckers," January 6, 2016, New York Times.