Anyone here used or familiar with monkeyknifefight.com?
I came across a Facebook ad a few months ago, saw the odds they were paying and decided to give it a try.
They are essentially a DFS/Sportsbook hybrid. Among other wagering options, their bread and butter seems to be player prop parlays. For example, they will give you 2 over under player prop wagers such as Brady over/under 300 pass yds and Wentz over/under 250 pass yds. if you choose both correctly, you win the wager. Pretty simple parlay dynamic.
The advertised odds are where my concerns lie as I believe they are deceptive. For 2 wager parlays such as the example provided, they advertise “3X Odds”. Sounds great, 3-1 odds on a traditionally paying 12-5 wager. Not exactly, because they are accounting your principal in the payout so the true odds are 2-1 (you wager $10 and win, they return $30; $10 principal back and $20 net profit. A clear 2x payout). They also offer 3, 4, and 5 leg parlays with odds advertised in the same fashion.
This is site is IMO is targeting novice gamblers that will not necessarily identify their nearly insurmountable vig and practices like this can threaten the progress that is being made in our industry.
Disclaimer: this isn’t a complaint resulting from losing money on their site. Made a few wagers and won. Saw what they are doing and cashed out (which was actually a smooth payout).
I came across a Facebook ad a few months ago, saw the odds they were paying and decided to give it a try.
They are essentially a DFS/Sportsbook hybrid. Among other wagering options, their bread and butter seems to be player prop parlays. For example, they will give you 2 over under player prop wagers such as Brady over/under 300 pass yds and Wentz over/under 250 pass yds. if you choose both correctly, you win the wager. Pretty simple parlay dynamic.
The advertised odds are where my concerns lie as I believe they are deceptive. For 2 wager parlays such as the example provided, they advertise “3X Odds”. Sounds great, 3-1 odds on a traditionally paying 12-5 wager. Not exactly, because they are accounting your principal in the payout so the true odds are 2-1 (you wager $10 and win, they return $30; $10 principal back and $20 net profit. A clear 2x payout). They also offer 3, 4, and 5 leg parlays with odds advertised in the same fashion.
This is site is IMO is targeting novice gamblers that will not necessarily identify their nearly insurmountable vig and practices like this can threaten the progress that is being made in our industry.
Disclaimer: this isn’t a complaint resulting from losing money on their site. Made a few wagers and won. Saw what they are doing and cashed out (which was actually a smooth payout).
