Sons of Bill Simmons

Rumors involving Boston Sports, Celebrity Gossip, and Humor

Tired Of Losing In Fantasy Sports ?

Posted by Mike on October 24, 2008

Are you sick an tired of injuries costing you money and a chance to win at fantasy sports ? Well, Michael Sroka of Oneseason.com has created a way in which you can trade and sell players, just like the stock market. Except there is no recession here. The Wall Street Journal details exactly how Oneseason works, “Players are bought and sold under four-letter identifiers (Manny Ramirez, for example, is “MANY,” Sidney Crosby is “CROS”) known as synthetic ownership interests, or SOIs. Their prices are determined by supply and demand. If someone wishes to buy and sell SOIs, it’s as simple as creating a username and password, dumping $10 into an account and deciding which players you wish to add to your “sportfolio.” Now, a question surrounding Oneseason is the legality of the site, a former New Jersey prosecutor said that the site founded on October 1st is legal, because” It involves the skill of trading — knowing when to buy and sell. Furthermore, the payouts are not dependent upon any particular outcome. They are driven by the market and as a result not gambling.” This certainly has all the making of a new popular niche among sports fan that could overtake the expeditious rise of fantasy sports, which millions of people play each year. More from the Wall Street Journal:

Then you sit and watch it go up … and down. One minute your stock in Ryan Howard (RHOW) is at $15.32, 20 minutes later, it’s down to $9.69. And an hour after that, it’s up to $21.45. This fluctuation occurs while Mr. Howard rests on a day off, driven solely by demand for a virtual piece of the Phillies slugger. As you sleep, the stock splits — the market is open from 9 a.m. to midnight, when all stocks closing over $20 reward every shareholder with an extra share per share owned, following OneSeason rules. When you wake up, you can decide whether to sell your Ryan Howard to buy Kobe Bryant (KOBE), or hope that Mr. Howard’s price goes up more

Jonathan Norman, a sports strategist for Milwaukee-based GMR Marketing, is among those hooked.

“It’s allowed me to really participate actively in a stock market where I know the properties well,” he says. “I can’t say that necessarily for all the companies on the Dow or Nasdaq.”

Alex Simon, a television producer in New York, has also visited OneSeason frequently. He signed up on Monday night, placing $100 in an account and investing heavily in LeBron James (KING). By the end of the next workday, Mr. James’s stock had fallen 20.86% and Mr. Simon was contemplating selling off his KING stock and investing in Michael Jordan (AIRJ), which was trading at a reasonable $10.58. He decided against it, and woke up Wednesday to a split in Mr. James’ stock and a steep increase in the value of his sportfolio.

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One Response to “Tired Of Losing In Fantasy Sports ?”

  1. IVSPORT said

    Thank you for blogging about OneSeason.

    If you have any questions, feel free to contact us at support@oneseason.com.

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