No, but one of my friend is in this kind of app s development and he told me strictly not to play. I asked why and he said because of bots.

Software Engineer

Senior Consultant

No bots in the system man. They are already taking a decent cut in every match, dont need bots to make money

Growth Manager

Can anybody put some light either these apps like d11, mysmart11 etc are genuine and fairplay or use bots to suck users money?

Welcome to Software Engineers's Private Community

Dream11 and Bots

Dream11 and Bots- Grapevine

Welcome to Indian Startups's Private Community

Becoz of GST many companies are pivoting or changing gaming algo to make players loose to pay GST. Game of chances are being launched

1. MPL , Launched betting games 
2. Zuppee , teen patti and betting games 
3. Games craft , rummy circle rigged card distribution
4. Tradex , Probo Mostly will shut down 
5. Rummy apps , Better opinion , tamasha and other small companies are planning to shut down RMG part
6. Nazara acquired RMG companies are unable to operate 
7. Octro is closing the RMG app. 

What more ? If anyone knows do share up.

RMG (Real money Gaming) companies going dead

Hoping they all close ASAP. 28% GST  is not enough. It should be higher at 50%.

Westerners used Internet and computing to design better planes and build better engines, our guys are using it to play cards.

Consultant

Founder

Can anyone explain to me how betting apps like 1xbet are working in India. 

You can easily download them from the app/play store. 

Is there a loop hole there? Last I knew betting is illegal in India and is a criminal offence.

Also any tips on IPL are welcome 😅

Legality of the betting apps

Customer Success

Kya dikat hai bhai, udane do paisa. Tumhare thodi hai. 

Good firms genuinely perform well and return money. The ecosystem is not forgiving -- you don't survive very long if you don't create any big wins. It's an extremely high stress job with very little WLB. You do make money but it comes at a cost.

Layoffs are sad but at least those jobs existed in the first place? They wouldn't without VC money. India's VC scene is extremely young and it'll take time before we produce a Google. Entrepreneurs are not always right, they are not always nice either; but they definitely are courageous.

Unpopular Opinion: VCs get a lot of crap for no reason

VCs kill many startups with unrealistic targets that the main problem. Not every business is designed to give ultra quick returns VCs want . They ruin well potential startups

Product Manager

From someone in their tech team, got to know very curious insights. 

CrickPe is built on Solidity smart contracts that automatically enforce performance bonuses for cricketers. 

However, the underlying logic is enforced on an ELO based system with log-normal rewards. Essentially, if a cricketer rewards are:

Reward = Expected(reward) +- log(performance). 

Their ELO is similarly adjusted on a match by match basis. 

Also,
Insider reveal is that, VC community is keen on investing and Ashneer is considering raising funds but has made clear that he is willing to liquidate only till he has majority stake in the venture, although aiming at closer to ~75%.

Also, they are experimenting with NFTs linked to rewards that give you insider access to pre-game locker room access with your favourite teams, flying you out to international matches abroad, etc. This will also be tradeable in-app. They are apparently looking for Blockchain Devs/interns for that.

Finally, the biggest news. They’ve apparently launched a bid to get a fan-experience zone specific to CrickPe in the stadiums during IPL. The plan is to sell these tickets at a higher cost. Fans who watch games from this zone get to play a special variant where the highest scorer is given their reward from the MOTM.

Just In: Ashneer Grover’s Crickpe

Wanted to know whether a person should join dream11, factors i am looking for:
1. Culture
2. Career growth - looking at the recent GST rule

Role: Strategy manager

Is dream11 worth joining?

Hey folks, any good cricket analytics platform?
What are you guys using to make dream11 teams??

Cricket GPT

Data Analyst

I'm currently in my notice period as I didn't feel like this was the right place for me, so I quit without a plan.

Yesterday, while traveling through Uber, the driver told me about how he nearly got killed. He has two kids in Kolkata, and he's in Bangalore without the money to get his car fixed.

I don't know what got into me, but I handed over 5k bucks to him. I usually don't bet, but I placed a wager on the India vs. SA match and made 50k after betting 30k.

Last night, during a La Liga match, I went again and went yolo on Real. Despite them getting a red card and scoring in the 92nd minute, it was an absolute miracle.
Making me another 30k

I think it is God paying it forward :)

If you've read this far, thanks, and here's a gentle reminder to pay it forward.

How I made 50k in a day: Random act of kindness

Do you want to add DISCLAIMER with such good acts/stories?

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Product Head

Today raised $22m series B.

No revenue. 

Video streaming app with Less than 1m daily users in india is valued over $100m... So every random person in india is worth over $100? Lol.

Competition, Chingari, Rooter, both in trouble. Eloelo has worse engagement than both (I looked on data.ai)

Definitely faking numbers to investors, why else would anyone invest.

Eloelo is probably a scam

Investor

Can someone please refer me to a completely remote job setup in finance/consulting.
I desperately want to change my job.

Dream11 and Bots

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