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Fantasy Football player insurance

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Fantasy Football player insurance

Postby MiniDitkas » Mon Oct 24, 2005 12:06 pm

Not sure if this has been posted here or not. I saw it over on another ff message board.

Two guys from NYC have come up with a business where you can buy insurance policies for your fantasy players, protecting you from losing out when they get injured.

Check out the article
http://www.profootballweekly.com/PFW/Fa ... in2012.htm

"A $9.95 protection plan for Walker, Brett Favre’s favorite target and a rising star in the league, would have paid out $85 because of when he went down. You’re allowed to take out up to five insurance plans on each player, meaning the total compensation could reach well into the hundreds of dollars."

I thought this was an amazing and unique idea. I guess it's been around since 2003, but I';ve never heard of it.

Anyone actually do this?
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Postby bigh0rt » Mon Oct 24, 2005 12:08 pm

That's unreal...
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Postby pangbones » Mon Oct 24, 2005 12:53 pm

I'm not sure I'd do it, but it is a unique idea. Who knows, everyone may be using it in 5 years!!
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Postby matmat » Mon Oct 24, 2005 1:59 pm

opens up a whole new business of freak injury prediction!
How is my typing? Call 1-555-382-5968
Many posters could benefit from this.
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Postby DrSpackle » Mon Oct 24, 2005 2:07 pm

It's one of those ideas that are just so stupid, you know they will work. I bet these two twentysomethings retire as thirtysomethings.

Gotta love America! ;-D
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Postby saundman2000 » Mon Oct 24, 2005 2:32 pm

Buying insurance for something that isn't truly critical to your existence is pretty much burning money.

I doubt that too many FFL owners actually buy their policies, but the ones who do are the same guys who buy extended warrantees on electronics and supplimental insurance on rental cars.

Insurance is all based on statistics and statistically, you are wasting your money. :-t
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Postby PACKman1144 » Mon Oct 24, 2005 2:41 pm

Actually if it is based on statistics then you'll do well. Many a player will miss at least one game due to injury.

If you are that serious about it, go ahead. Get insurance on your starting running backs and maybe a WR or two. And it might actually pay off.

Not sure if that's really worth it though... :-?
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Postby The_Dude » Mon Oct 24, 2005 2:49 pm

saundman2000 wrote:Buying insurance for something that isn't truly critical to your existence is pretty much burning money.

I doubt that too many FFL owners actually buy their policies, but the ones who do are the same guys who buy extended warrantees on electronics and supplimental insurance on rental cars.

Insurance is all based on statistics and statistically, you are wasting your money. :-t



Exactly right... we take out insurance on our car because its illegal not to, and on our lives because, well, we're risk averse.

Its sort of like the lottery - a tax on people who can't do math.

You forgot to include on your list the people who buy insurance at the blackjack table.
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Postby Mookie4ever » Mon Oct 24, 2005 3:04 pm

The_Dude wrote:
saundman2000 wrote:Buying insurance for something that isn't truly critical to your existence is pretty much burning money.

I doubt that too many FFL owners actually buy their policies, but the ones who do are the same guys who buy extended warrantees on electronics and supplimental insurance on rental cars.

Insurance is all based on statistics and statistically, you are wasting your money. :-t



Exactly right... we take out insurance on our car because its illegal not to, and on our lives because, well, we're risk averse.

Its sort of like the lottery - a tax on people who can't do math.

You forgot to include on your list the people who buy insurance at the blackjack table.


If the math doesn't work out then don't do it. But it's possible that it might work out. This is called hedging your bets. It's not just a betting concept but it works in business too. It's not usually smart to put all of your eggs in one basket so if you are heavily into one thing buying "insurance" of one type or another may protect you from being disasterously wrong.
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Postby The_Dude » Mon Oct 24, 2005 3:07 pm

Mookie4ever wrote:If the math doesn't work out then don't do it. But it's possible that it might work out. This is called hedging your bets. It's not just a betting concept but it works in business too. It's not usually smart to put all of your eggs in one basket so if you are heavily into one thing buying "insurance" of one type or another may protect you from being disasterously wrong.


What you're talking about is risk aversion, which you have to pay for... I'm talking about expected value in expected utility theory. You might make money here, but that's only if you're lucky. If they're calculating their insurance rates correctly, this company is making a killing (if they have any business).
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