FantasySportsInsurance.com To Provide Insurance For NFBC Owners

Snord35 · Post by **Snord35** » Tue Jan 19, 2010 9:21 am

I'll jump in by saying this is a interesting thing to add to the game. Last year people might have taken ARod or Mauer higher knowing it was not as big of a gamble if they got some money back.

Going into the drafting knowing you could get some money back if your reach didn't work would you move them up a round? ARod last year was going late 1st to 3rd round in most drafts. Would you let him slip to the 3rd round knowing you could cash in on him if he hit the DL after he came back? Mauer was more in the air last year most said he would miss the first month. With a back injury you would think odds are he could hit the DL again. How much higher would have he been drafted last year with insurance?

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Jan 19, 2010 9:55 am

Two seperate entities.

This will not change my draft one iota.....

And no, Iota doesen't play for the Cubs.

bjoak · Post by **bjoak** » Tue Jan 19, 2010 10:53 am

Originally posted by Snord35:

I'll jump in by saying this is a interesting thing to add to the game. Last year people might have taken ARod or Mauer higher knowing it was not as big of a gamble if they got some money back.

Going into the drafting knowing you could get some money back if your reach didn't work would you move them up a round? ARod last year was going late 1st to 3rd round in most drafts. Would you let him slip to the 3rd round knowing you could cash in on him if he hit the DL after he came back? Mauer was more in the air last year most said he would miss the first month. With a back injury you would think odds are he could hit the DL again. How much higher would have he been drafted last year with insurance? Again, I don't know that were the same situation to happen with A-Rod this year that he would be insurable. I would guess he would not. We won't know this kind of information until we're provided with a list, a methodology for the list, or by-laws on how the list might change between it's inception (not to mention when that might be) and draft day.

I would also love to hear the answer to Quack and Willy's question about when players need to be rostered. It's frustrating to not have this information and I think it's difficult to make speculations on how this might or might not help someone without all the information.

[ January 19, 2010, 04:58 PM: Message edited by: bjoak ]

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 11:33 am

Just looking at some numbers...

$1300.00 @ 3% (savings from CC bank fee) = $39

$250 = roughly $25 worth of insurance

(would have been nice to have been offered a "discounted entry fee" for check senders of $25 savings)

2010 MLB FSI Disability Coverage Options*:

Option 1 - One player spends 60 days on the Disabled List due to injury

FSI will take into consideration each individual player’s injury history, injury frequency and severity, to determine their eligibility for coverage. All eligible players will be covered at the same pre-determined rate.

Your cost for FSI will be based upon the amount of coverage you choose. Total cost will be calculated at a 10% rate of the insured value, plus fees.

For example: If you choose to insure ONE player for $200 - based on a 10% per $100 insured - your FSI cost will be $20.

[ January 19, 2010, 05:46 PM: Message edited by: sportsbettingman ]

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 11:36 am

Aside from the graphic horrible photos trying to induce fear on their website...there is almost no information from last season to look up.

...and an NFL player needs to miss 10 GAMES to get paid off???

WOW...he plays into week five and your insurance is gone.

Seems like they have is rigged quite nicely to have zero risk on their end. Nice business plan.

How nicely connected these folks must be to have JUST STARTED UP, and already have been on WSJ.com, USA Today, Washington Post, CNBC, FSB, Time Magazine, SI, and CNN; including appearances on ESPN First Take and Fox Business News.

[ January 19, 2010, 05:44 PM: Message edited by: sportsbettingman ]

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Jan 19, 2010 12:27 pm

Originally posted by sportsbettingman:

Just looking at some numbers...

$1300.00 @ 3% (savings from CC bank fee) = $39

$250 = roughly $25 worth of insurance

(would have been nice to have been offered a "discounted entry fee" for check senders of $25 savings) 'Never look a gift horse in the mouth'

When given a present, be grateful for the good fortune, don't look for more by examining it to assess its value.

I opened a lot of fortune cookies before I came across that one.

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 1:33 pm

Originally posted by DOUGHBOYS:

quote:Originally posted by sportsbettingman:

Just looking at some numbers...

$1300.00 @ 3% (savings from CC bank fee) = $39

$250 = roughly $25 worth of insurance

(would have been nice to have been offered a "discounted entry fee" for check senders of $25 savings) 'Never look a gift horse in the mouth'

When given a present, be grateful for the good fortune, don't look for more by examining it to assess its value.

I opened a lot of fortune cookies before I came across that one. [/QUOTE]Funny how you see it as a gift for you, and I see it as a gift for Fanball.

I don't know law (yet)...but having the customer cover that 3% fee would NOT be unreasonable (IMO) for the convenience of using a credit card.

[ January 19, 2010, 07:36 PM: Message edited by: sportsbettingman ]

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Jan 19, 2010 1:36 pm

I see it as getting something I wasn't expecting at no expense.

How do you see it, Lance?

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 1:42 pm

Originally posted by DOUGHBOYS:

I see it as getting something I wasn't expecting at no expense.

How do you see it, Lance? I see it as there were many ways to motivate people to pay by check, and many companies to pimp...and this was their chioce.

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Jan 19, 2010 1:50 pm

Lance, you go to Wal-Mart, get your stuff, and go to the check out.

You whip out the credit card. The cashier tells you that you can pay with that card or pay by check and get five free lotto tickets(unbeknownst to you, WalMart has a deal with each state lotto), you now have the option to pick your poison.

Besides knowing where Fanball's sponsorship lies, what is different from this scenario.

And truthfully, those lotto tickets would be in your pocket, wouldn't they!

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Jan 19, 2010 1:53 pm

Our local little leagues simply refuse credit card payments as a way to try and lose less money next year.

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 1:54 pm

I boycott Wal-Mart. Have for years now.

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Jan 19, 2010 1:56 pm

Originally posted by sportsbettingman:

I boycott Wal-Mart. Have for years now. OK, make it your favorite grocery store.

billywaz · Post by **billywaz** » Tue Jan 19, 2010 2:59 pm

Originally posted by DOUGHBOYS:

I see it as getting something I wasn't expecting at no expense.

This is exactly how I see it as well.

Paranoia....self destroya!

Greg Ambrosius · Post by **Greg Ambrosius** » Tue Jan 19, 2010 3:53 pm

Originally posted by sportsbettingman:

[QUOTE]I don't know law (yet)...but having the customer cover that 3% fee would NOT be unreasonable (IMO) for the convenience of using a credit card. Lance, for six years now I've eaten that expense and you're telling me now that you think it would have been a fair idea to pass that expense off to my customers? Damn, I should have consulted with you years ago. We'd still be owned by F+W then.

Honestly, you know the history of the high-stakes marketplace as well as me and there's a reason why Lenny didn't take credit cards early on. We were the first ones to do it and we ate the expense for the convenience of our customers. But last year it's pretty easy to do the math of what the credit card fees finished up at since we paid out over $1.1 million in prizes.

I think we came up with a win-win-win scenario to deal with those charges while not passing on a single cent to the consumers and working with a new industry company. You see it as blasphemy; well, then just pay by credit card and let Bank of America have that percentage you're worried about. We're being creative and not asking our customers to pay any extra charge while possibly giving them something for their efforts at no expense to them.

You love to debate that the glass is always half empty, while others are happy to see there is no conspiracy in the glass they are receiving that is half full. But carry on anyway.

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 4:49 pm

This is politics!

I spin this way, you spin that way...either way it is simply spin.

sportsbettingman · Post by **sportsbettingman** » Tue Jan 19, 2010 5:01 pm

Originally posted by Greg Ambrosius:

You love to debate that the glass is always half empty, while others are happy to see there is no conspiracy in the glass they are receiving that is half full. But carry on anyway. Not really.

You are dealing with adult males here. (for the most part) You cannot possibly believe you can sugar coat and frame/spin, and the result will be 100% Ra-Ra support. There will always be some who are not so easily distracted by the framing of words.

Carry on.

Gekko · Post by **Gekko** » Tue Jan 19, 2010 9:11 pm

lance - just an educated guess here, but are you going to spend more time bitching on the MB about non-issues than you are actual baseball prep?

if you have any backbone you will pay by CC. let us know you pay (and most importantly, get some baseball prep done).

Greg Ambrosius · Post by **Greg Ambrosius** » Wed Jan 20, 2010 12:49 am

Originally posted by sportsbettingman:

This is politics!

I spin this way, you spin that way...either way it is simply spin. I have better advice Lance: Get your butt to Las Vegas the second weekend of March Madness and we'll discuss all of this and more over umbrella drinks around the Bellagio pool surrounded by folks who are much richer than either one of us!!

It's one thing to drink around the Flamingo pool like we've done before and quite another to drink around the Bellagio pool!!

See ya there, hopefully.

Yeah, it's all good fun Lance. No worries here. No, I don't expect everyone to like all of our ideas, but the credit card expense is an issue we can deal with. And it's not just spin. It's a percentage off the top line for us, and it's FREE for our customers. So it's more than spin. It's real dollars and cents for everyone involved.

And it also involves a real company who is getting lots of publicity over this idea, as you mentioned, and getting some folks who really like this idea. You might not be one of them, but some folks like it and are using it.

Less than Dave · Post by **Less than Dave** » Wed Jan 20, 2010 8:15 am

Originally posted by headhunters:

i don't know dave- but i am moving sizemore up. can he pitch too? btw- the clock is ticking on hafner saying- " ok i admit it- even though i looked "country strong"- i was on roids" hhahahahha... ya, he def was... my bad. Hey, I do like Grady a lot this year!

The Good Doctor · Post by **The Good Doctor** » Wed Jan 20, 2010 10:02 am

I believe this company was in existence last year. Anybody could have already used it last season for a fee. In all cases where I can choose free or fee of the same thing, I will choose free. I wish it were available last year so I could have gotten some return on Beltran.

Navel Lint · Post by **Navel Lint** » Thu Mar 25, 2010 8:07 am

So....how did the insurance work for Main Event Pt1?

Did you get a list ahead of time?

Did you fill out paperwork after the draft?

Hawk · Post by **Hawk** » Thu Mar 25, 2010 8:09 am

Navel,

We got a pre-printed sheet that had a link to the website and a list of the 50 "insurable" players.

The Good Doctor · Post by **The Good Doctor** » Thu Mar 25, 2010 8:29 am

I played in 2 satellite $125 leagues and paid by check. I hope the $7.50 that was saved gets transferred to Greg to buy a Corona at the Bellagio. I got no insurance, but I did get help a fellow Badger simply because he asked.

DOUGHBOYS · Post by **DOUGHBOYS** » Thu Mar 25, 2010 8:49 am

Originally posted by Navel Lint:

So....how did the insurance work for Main Event Pt1?

Did you get a list ahead of time?

Did you fill out paperwork after the draft? Russel-

We did get a list last week. I believe it had 75 names on it. No paperwork was at the draft. I am guessing it'll be another thing on Fanball's list for next week.