Fantasy Sports are Strategy and Skill Dominant as per Study

A recent study by t𒁃he Indian Institute of Management, Bangalore (IIM-B) and Cartesian Consulting Pvt. Ltd. has concluded that fantasy sports players use strategic and skill-dominant techniques rather than relying on chance to play fantasy sports.

The study, titled ‘Fantasy Sports: A Game of Skill or Chance’, was led by Dr. U Dinesh Kumar, Professor, Decision༺ Sciences, IIM-B and Dr Ramasubramanian Sundararajan, Head-AI, 🌄Cartesian Consulting, .

The study used us🧜er data for three years f𒀰rom in India.

Statistical hypotheses techniques and detailed analysis of the actual and anonymised data from Dream11 was employed to conclude the presen♌ce of ‘skill dominance’ among players playing with Dream11’s format of fantasy sports.

Another important finding from the IIMB-Cartesian research is that users who select ca🥀ptains and vice-captains after skillfully assessing past performance of players “tend to have higher average scores than other players”. It was inferred that when players were selected randomly, it led to lower scores. This also led to the conclusion that use♋rs’ skills improve substantially over time, as they assess past performance to make teams.

The study also highlights💃 that players who play for money get higher scores, “proving they are playing more strategic game”.

Professor Dinesh sai🦂d, “We found strong evidence that learning, consistency and strategy-based usage affect the outcome in Dream11’s format of fantasy sports. The inferences indicated that player selection has a huge influence on achieving high scores, therefore establishing that performance on the Dream11 platform is skill dominant.” He said that multiple hypothesis techniques were applied to the ‘Skill Vs Chance’ question, which was converted into an analytics and statistics problem.

As 🐎per th♛e professor, the case has been published in Harvard Business Review and is available across more than 410 universities in 75 countries.

Dr Sundararajan, said, “This report helps to understand how a user prepares and strategically plans his teams thereby determining the level of skill in Dream11’s format of fantasy sports.” He said that ⛎they were interested in understanding more about the sports fan engagement that can be achieved through tech innovations like fantasy sports, in this rapidly growing industry.

This study supports the rulings mad🐓e by the Bombay High Court♊ and the Punjab and Haryana High Court in the past.

Earlier this y☂ear, a division bench of the and approved Dream11’s format. The Supreme Court recently rejected an a✨ppeal against that decision and that there is no doubt about the skill element involved in fantasy sports.

In the year 2🍎017, the Punjab and Haryana H𝕴igh Court and involves a substantial degree of skill.