$2.5 million up for grabs, including $1 million Grand Prize, in DraftKings Sports Betting National Championship

$2.5 million up for grabs, including $1 million Grand Prize, in DraftKings Sports Betting National Championship

Patrick Everson sits down with DraftKings director of sportsbook operations Johnny Avello, to discuss the inaugural Sports Betting National Championship in New Jersey this weekend.

Photo By – Covers

For decades, Johnny Avello has been a forward thinker in the sportsbook industry. DraftKings is just seven years old and has only been in the sportsbook business for a few months, but they’re already looking to come up with fresh ideas.

With Avello now working for DraftKings as director of sportsbook operations, it shouldn’t be a surprise to see the rollout of a unique contest that aims to draw sports bettors from around the country to New Jersey this weekend. Dubbed the Sports Betting National Championship, the contest takes place Friday through Sunday, and true to forward thinking, all wagering will be done via DraftKing’s mobile app.

“The company has been working on this for a little bit. This idea at this time, it feels right to have our first contest,” Avello told Covers. “We’re calling it a national championship, and it is. You can come from anywhere in the country to play.”

Of course, there is a cost involved. Entry is $10,000, with half of that serving as each contestant’s bankroll for the weekend. There’s a guaranteed minimum prize pool of $2.5 million, with the winner collecting $1 million, second place $350,000 and third place $250,000. The Top 25 get paid, with places 16-25 each earning $15,000.

Those payouts and the relatively small field, even if it hits the maximum 600 entrants – which would actually increase the purse, as the contest is based on 530 entrants – could make this contest a worthwhile investment. In addition, contestants keep whatever is remaining from their bankroll when the weekend is over, which could be significant for those who put together a good run.


“You get to keep what’s left, whether it’s $2,000 or $200,000,” Avello said, while elaborating on what he likes about the setup of this contest. “There are a couple things: first of all, the prize money is a huge amount to guarantee, and it’s all guaranteed, even if we don’t reach 530 contestants. So that should be enticing to anybody who wants to play the contest.

“But second, and the way I look at the contest, is if you’re someone who’s going to be betting five dimes on a weekend – a lot of people don’t do that, but many people do – then why not take a shot with this? Travel is the only obstacle. To me, it’s a no-brainer to get in.”

The format of the contest allows for entrants to bet on any event available on DraftKing’s mobile app on Friday and Saturday. The app will have a special section just for the contest, from which entrants must make all wagers. Then on Sunday, bettors can only make plays on the two NFL divisional playoff games.

Bets can be made anywhere in New Jersey, and only in New Jersey, since that’s the legal betting jurisdiction for the contest. On Sunday, DraftKings will have a special VIP site set up in Jersey City, where contestants can gather to finish out the weekend.


Avello said he’s most intrigued by how contestants will strategize over the three days. Bettors can take sides, totals, alternate pointspreads, proposition bets and more, though the limits on specific wagers will be the same for all contestants.

“I think parlays will be a big play in this tournament, because parlays are a way to accumulate a huge bankroll,” Avello said. “It’ll be challenging, because numbers and prices can move. You can make your Sunday NFL bets on Friday, but for some, the strategy could be to build your bankroll pretty well, so that you can unload on Sunday.

“I’m sure participants are going to play in different ways. That’s what makes the contest interesting, because there’s not necessarily a certain pattern you play to get there. It’s gonna be exciting.”

Patrick Everson is a Las Vegas-based senior writer for Covers. Follow him on Twitter: @Covers_Vegas.


Original Article Link

Top Ten Sports Video Games

Here's our latest updated list of the Top Ten Most Popular best selling sports video games at Amazon. This list is usually updated every 24 hours. Stay tuned for special deals from Amazon brought to you by Fantasy Sports Buzz!

Bestseller No. 1
NCAA Football 14 - Xbox 360
396 Reviews
NCAA Football 14 - Xbox 360
  • Infinity Engine 2-Experience real-time physics and the new Force Impact system as you feel every big hit, collision and tackle....
  • Enhanced Running Game-Hard run cutting for direction changes and stop on a dime improvements add realism to the running game....
  • Playbook #2: Presentation - NCAA Football 14 gets you closer to the action than ever before and tells the story of every game....
SaleBestseller No. 2
Madden NFL 13 - Nintendo Wii
163 Reviews
Madden NFL 13 - Nintendo Wii
  • Electronic Arts Madden Football NFL 13 (Wii)
SaleBestseller No. 3
Fight Night Champion - Xbox 360
190 Reviews
Fight Night Champion - Xbox 360
  • Full spectrum punch control allows your boxer to punch with precision and accuracy like never before, including overhand punches,...
  • Create your alter ego in Legacy mode and put him in the ring against past champions as you work your way up the ranks through...
  • A selection of more than 50 fighters, representing multiple weight divisions and both the current and past eras of boxing history
Bestseller No. 4
NBA Street Volume 2 - PlayStation 2
157 Reviews
NBA Street Volume 2 - PlayStation 2
  • See how good you really are, when you face the greatest basketball players in the history of the game
  • Select from 145 NBA players, 25 NBA Legends, and 6 Street Legends
  • Unlock 30 different dunks and 20 different street tricks, as you try to stuff Dr. J or block Michael Jordan
Bestseller No. 5
Madden NFL 25 - Xbox 360
872 Reviews
Madden NFL 25 - Xbox 360
  • Madden NFL 25 Football
Bestseller No. 6
Madden NFL 17 (PS4)
24 Reviews
Madden NFL 17 (PS4)
SaleBestseller No. 7
NCAA Football 12 - Xbox 360
192 Reviews
NCAA Football 12 - Xbox 360
  • Your Road to Glory - Be an Ironman and play both sides of the ball in your final season of high school while getting recruited by...
  • Coaching Carousel - Roam the sidelines as a coach in an enhanced Dynasty mode. Start off as a coordinator or take over as head...
  • Authentic Gameday Traditions - Feel the true emotion of college football as your team runs onto the field with new pre-game...
Bestseller No. 8
NFL Street - PlayStation 2
86 Reviews
NFL Street - PlayStation 2
  • Fast-moving 7-on-7 arcade gameplay challenges players to show their skills on both offense and defens
  • Create a player and build a team
  • More than 300 current NFL stars and legends such as Barry Sanders
Bestseller No. 9
NCAA Basketball 10 - Playstation 3
51 Reviews
NCAA Basketball 10 - Playstation 3
  • Make a run for the Final Four with more than 100 improvements, including player movement, rebounding, off-ball collisions,...
  • Authentic broadcasting presentations from the all-star announcing crews of Dick Vitale, Brad Nessler, and Erin Andrews of ESPN,...
  • Choosing from multiple sets that include the Dribble Drive, Princeton, Flex and more, run an offensive system that best fits your...
Bestseller No. 10
Madden 19 - MUT Starter Pack - PS4 [Digital Code]
8 Reviews
Madden 19 - MUT Starter Pack - PS4 [Digital Code]
  • Start Your Ultimate Team dynasty today!
  • MUT Starterpack features 12 Gold or Better Player Items.
  • Continuously craft your squad to elite status on the road to building your Ultimate Team dynasty.

Last update on 2019-01-20 / Affiliate links / Images from Amazon Product Advertising API