A Starting Point for Navigating the World of Daily Fantasy Basketball
Charles South,
Ryan Elmore,
Andrew Clarage,
Rob Sickorez,
Jing Cao
June, 2017
Abstract
Fantasy sports, particularly the daily variety in which new lineups are selected each day, is a rapidly growing industry. The two largest companies in the daily fantasy business, DraftKings and Fanduel, are valued at more than 9,000 on an initial $500 investment using the K-nearest neighbors approach, a 36% increase relative to using the permutation based approach alone.
Publication
In The American Statistician