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Dream 11: Game of Skill or Disguised Gambling?

0h 29m video Published Apr 18, 2023 Transcribed Jul 12, 2026 P Pushkar Raj Thakur: Stock Market Educator 📈
Beginner 6 min read For: General audience interested in understanding the business model and risks of fantasy sports platforms like Dream 11.
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AI Summary

This video investigates Dream 11, India's largest fantasy sports platform, questioning whether it is a game of skill or gambling. The creator shares a personal encounter with a winner of ₹5 crore, explains the platform's mechanics and revenue model, and warns viewers about the risks of addiction and financial loss.

[00:00]
Dream 11's Massive Advertising Presence

Dream 11 heavily advertises on platforms like Star Sports and Jio Cinema, promising huge prizes like ₹1 crore, enticing users to participate.

[00:54]
Legal Status and Bans in Indian States

Fantasy sports are banned in states like Telangana, Andhra Pradesh, Assam, Sikkim, and Nagaland, despite the Supreme Court classifying them as games of skill.

[03:04]
Addiction and Financial Ruin

The video warns that fantasy sports can be addictive and financially destructive, with many users losing money.

[03:31]
Founding of Dream 11

Dream 11 was founded in 2008 by Harsh Jain, a US returnee, based on the concept of fantasy sports where users invest money to create virtual teams.

[04:14]
User Base and Engagement

Millions of users actively use Dream 11, with the platform spending around ₹222 crores on IPL sponsorship.

[05:33]
Encounter with a ₹5 Crore Winner

The creator met a person who claimed to have won ₹5 crore from Dream 11 and spent 1.5 hours learning his strategy.

[06:49]
Dream 11's Revenue Model

Dream 11's revenue in the last year was around ₹4000 crores. The platform retains 34% of the pool size, distributing 66% as prizes.

[07:30]
How Dream 11 Works

Users select 11 players from two real teams, with points awarded based on actual match performance. Captains and vice-captains earn double and 1.5x points respectively.

[08:26]
Winner's Strategy: Focus on Chasing Team

The winner's strategy involves selecting players from the team batting second (chasing), as their performance is more predictable. He picks 4 batsmen from the chasing team and bowlers from the first team.

[12:31]
Example Contest: RCB vs Chennai

A mega contest with a pool size of ₹57 crores, first prize ₹2 crores, entry fee ₹49, and over 1.55 crore participants. The platform guarantees the first prize even if not enough entries are collected.

[14:24]
Probability of Winning

With 1.55 crore participants, the chance of winning the first prize is approximately 1 in 1.55 crore, making it extremely unlikely.

[21:42]
Taxation and Government Revenue

Winnings are subject to 30% TDS, similar to lotteries. The government earns tax revenue from both the platform's income and users' winnings.

[23:08]
Withdrawal Restrictions

Users cannot withdraw deposited money unless they win; the deposited amount is effectively lost if not won. This creates a large float that Dream 11 can earn interest on.

[24:56]
Interest Income from User Deposits

Dream 11 earned ₹224 crore in interest last year from user deposits, as most users do not withdraw their money.

[25:32]
Casino Analogy

Like a casino, the platform always wins in the long run. The video advises against expecting to make money consistently.

[26:20]
Suggestion: Invest Instead

The creator suggests investing spare money in stocks or other assets rather than gambling on fantasy sports, as it offers better long-term returns.

Dream 11 is a highly profitable platform that exploits users' desire for quick money, but the odds are heavily stacked against players. The video advises viewers to avoid addiction and instead invest their money wisely.

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Mentioned in this Video

Study Flashcards (10)

In which year was Dream 11 founded?

easy Click to reveal answer

2008

03:31

Who founded Dream 11?

easy Click to reveal answer

Harsh Jain

03:31

What percentage of the pool size does Dream 11 retain as revenue?

medium Click to reveal answer

34%

12:45

What is the TDS rate on winnings from Dream 11?

medium Click to reveal answer

30%

21:54

How much interest did Dream 11 earn from user deposits last year?

hard Click to reveal answer

₹224 crore

24:56

Which Indian states have banned fantasy sports?

medium Click to reveal answer

Telangana, Andhra Pradesh, Assam, Sikkim, Nagaland

00:54

What is the maximum number of players you can select from one real team in Dream 11?

hard Click to reveal answer

7

17:16

How many points does a bowler get for taking a wicket?

hard Click to reveal answer

33 points

10:52

What is the probability of winning the first prize in a contest with 1.55 crore participants?

medium Click to reveal answer

Approximately 1 in 1.55 crore

14:50

What is the key strategy of the ₹5 crore winner?

hard Click to reveal answer

Select players from the team batting second (chasing team) and pick bowlers from the first team.

09:42

💡 Key Takeaways

📊

Legal Bans in Multiple States

Highlights the controversial legal status of fantasy sports in India despite Supreme Court ruling.

00:54
📊

Dream 11's ₹4000 Crore Revenue

Demonstrates the massive profitability of the platform.

06:49
💡

Extremely Low Probability of Winning

Quantifies the near-impossible odds for users, reinforcing the gambling nature.

14:50
💡

₹224 Crore Interest Income

Reveals an additional revenue stream from user deposits, showing how the platform profits even from losers.

24:56
⚖️

Advice to Invest Instead

Provides a constructive alternative to gambling, promoting financial literacy.

26:20

✂️ Creator Tools: Viral Hooks

AI-generated clip ideas for Shorts based on the transcript

No viral clips found for this video, or they are still being generated.

[00:00] Dream 11, Fantasy sports, you are watching so many ads, you can on star sports or on Jio cinema, you will see so many ads, think of 1 crore, then what will be the first prize?

[00:16] My 11 cycle, second prize is 1 crore, so what will be the first You are told that I will get your dog, I will get your sister you out for a walk, you just go and make a team on Dream 11,

[00:29] and go and make a team on Dream 11. whole concept, what does Dream 11 do, which team has to be made, here people know so much

[00:42] how they win, they do not know, is it real, is it fake, I had then the Supreme Court uplifted that ban, why was it done, even

[00:54] such states in India, in which Dream 11, in fact all fantasy there is a ban in Telangana, there is a ban in Andhra Pradesh, there is a ban in Assam, there is a ban in Sikkim, you will see

[01:08] Nagaland, now there is a complete ban in so many states, you Yesterday I was coming from the road, coming from Punjab, so lottery shop it was written, Government Lottery Shop, means the

[01:23] Government Lottery Shop, you think, who are the people who are are going to get case study, I will take some time, I hope you if you have subscribed, you have seen the previous videos, so

[01:39] talk completely, now time is wasted, in this video I am going study, what is Dream 11, how does it work, do people really make make money, then what is their strategy, and why you will not

[01:54] on it, why many people are getting ruined, why many people are will understand all aspects on this Dream 11. Now my manager many sports get promoted by getting a lot of money, I will tell

[02:10] being made, so we get a call that you have to promote this app, promotions, so I am telling you a specific incident, so you have you tell me how much money you want, how much money you want,

[02:24] you tell me how much money you want, I will get the money, ok, I will tell you this also, if you say yes, so I told my manager promote betting apps, now as soon as I told my manager, the manager

[02:37] message, that man started telling us the opposite, how can you Court has said that this is a game of skill, this is not gambling, to me, poker and rummy are also gambling, and that is according

[02:52] our law say, law says that this is a game of skill, rummy is is also a game of skill, how can you say it is betting, so I not promote this, the matter is over, now the Supreme Court is

[03:04] or wrong, you understand, but you must have heard a very wonderful that come, that fantasy sports can be addicted, play with your It is possible to get used to this game or it is financially

[03:19] start the case study of Dream 11, in 2008, Harsh Jain, who is a US return, he thought that

[03:31] is based on fantasy sports and people come and invest money in see what everyone wants, we make money, no one wants you to make itself, Dream 11 was started, no issues, it is a business model,

[03:47] in 2008, it was thought, despite that, criminal proceedings started from Punjab and Haryana High Court, that this is absolutely wrong,

[03:59] with people, it is a gambling app and criminal proceedings started, that the ban has been uplifted, you know all that, but where very important to know, today, according to the data, there are

[04:14] who use an app like Dream 11, they use it, you can say they use they play, how they play, we will try to understand this, now

[04:26] have no idea about Dream 11 or fantasy sports, nor am I an expert knowledge about it, but my attraction was built, how it was built,

[04:38] recently I went to see a match, you must have seen that IPL is like Dream 11 is also a sponsor, I think they spent around 222

[04:51] around 222 crores on sponsorship, that is a sponsor, similarly, Upstox, we are also associated with Upstox, so I got a call from

[05:04] in Delhi, there is a match in Delhi, if you want to see, you at the end, you will have to present an award from us, the most come out of that match, you will have to give it to them, so

[05:17] Shami in that match, so now the point comes here that I went there, there were people from other sponsors, so those sponsors some tickets are given to selected people, so there I met a gentleman

[05:33] of Dream 11, so I met him, so when I met him, we were sitting to watch on TV or on mobile, cricket, that fun does not come for that, there is no commentary in live, you are watching, small

[05:48] so the real fun is that you are getting on the phone or on TV, so much there personally, so what happens is that we get tickets, I did not let them do both,

[06:02] so I had a lot of time, so I met that gentleman from Dream 11, I get introduced to him, so I said that he had worn a t-shirt work in Dream 11, he said no, I have won 5 crores from Dream

[06:16] was like this, so I said hi to him, he said that I have won 5 he has won 5 crores, so it is necessary to know from that person never seen 5 crores, so tell me how did you win 5 crores, I am

[06:33] am genuinely very curious to understand things, so I spent 1.5 in detail from him, and after that the video will be shorter, all the things that I heard from him, understood how Dream 11

[06:49] work similarly. In fact, the revenue of Dream 11 in the last 4000 crores, seeing this, our Indian player Ashish Grover started make money by doing fantasy sports, I will tell you why money

[07:05] launched on cricket, now this running is going on, ultimately, BCCI will make money, the company that you are watching, the

[07:18] of someone's pocket, if let's understand from that brother that the 5 crores that he earned, he explained me

[07:30] listening as a beginner, as a learner, yes sir, tell me how it introduction of Dream 11 for the first time and I had no knowledge that, so he told me that there are two teams, one team X and

[07:43] are two teams playing cricket, there are 11 people, now he told than 11 people, I said yes, it is absolutely right, there are 11 people are playing, so what does it mean, if you go to Dream

[07:57] you will not see 11 people, you will see more than 11 people, then the team is announced, then it is known which 11 people right, it was a knowledge for me, many people may not even know

[08:11] so I said absolutely, you tell me, so I asked him how did you this, what was the strategy behind it, understand their strategy, and my strategy is unique, I said tell me sir what is the unique

[08:26] happens is that 2 out of 10 times you will see that in cricket, such a way that the first team hit 165 runs and their 7 wickets

[08:38] like this, the score is made around this and 6-7 wickets and right, and then you see that the next team has made 166 runs and their wickets fell less, I said absolutely right, he said

[08:54] I said absolutely right, he said, suppose we will lose 8-12, let's say, you are saying now, he said it takes almost 49 rupees we make a team in about 50 rupees, so he is saying that 8-12

[09:09] you will say that nothing happened, 8 into 50, you lost this, now he is saying that to recover this, two matches are enough, you understand this, so what was their strategy, I will tell

[09:26] if you see this score, then who performed well in this score, who played later performed well, so he says that we will select team, and when will we make this team, when the toss will happen,

[09:42] we will know who is playing first and who will chase, so we have the chasing team first, then he said that maximum from one team absolutely right, this is also right, so now what did he say,

[09:56] batting there are batsmen, in the end there are bowlers. Now this is their strategy.

[10:08] I have not made a team even after understanding the strategy 239 0:10:10,200 --> 0:10:04,940 So if you have more wickets in the first team, then the last But yes, that brother, according to him, I have not seen, but I had to understand how he won, so I am telling you the whole

[10:23] will have taken the You get points. 4 people from the other team,

[10:35] Now if a batsman comes and makes a run, then you will get 1 point He says that if the baller comes and takes the wicket, then you

[10:52] wicket. You will get 33 points, so here you will get 33 points, but if takes the wicket and someone catches it, then the baller will

[11:06] Then someone hit 50 runs, someone hit 100, then half century In this way, point by system, but he says that the game is not

[11:19] What is the game dependent on? You will get double, for example, you saw from the other team and you made Virat Kohli the captain of the example.

[11:34] He hit 100 runs and you made him the captain, then you will not Okay, this is the system and suppose a bowler took 2 wickets example, then this bowler took 2 wickets.

[11:50] Sorry, it will be 1.5 if he was the vice captain. So according to this, you get points and everything works according

[12:03] Now the team of 11 people, the one who scored the most points, points here, he hit 200, in the same way everyone must have scored

[12:17] So the one who has the highest points, his ranking will be the Now I will take you to the Dream 11 app so that you can understand So here you see, there is a match today of RCB vs Chennai.

[12:31] Look, this is a mega contest, you can win 57 crores. Now I will show you how is the earning of Dream 11, yours will So this 57 crores is basically pool size.

[12:45] Now here 66% is written on the trophy, it means that we are distributing So the clear cut earning of Dream 11 is 34%.

[12:58] So the money that is coming, its 66% will be distributed. Now here you are seeing that the first prize is of 2 crores. First thing is that there is an entry from Rs 49 and you can

[13:14] Then what is guaranteed, I will tell you. So far, 1 crore 55 lakh people have invested in it.

[13:26] More than 1 crore 55 lakh people have invested in it. Now here you were seeing guaranteed. What is guaranteed means that in this contest, the first prize

[13:41] 2 crores will get the first prize. But you also have to understand that only 66% will be distributed In flexible, you were seeing that there are not many people in

[13:56] So many small fantasy sports companies do not give guaranteed There is a flexible process. So it is important for you to understand both these concepts.

[14:12] But it is important for you to understand how many people are Let's understand the program. Now what is guaranteed?

[14:24] People only see this. People are not seeing that to win 1 crore, you have to leave You have to make a better team than them.

[14:37] So what are your chances? First I will tell you that then I will tell you the strategy. 1 by 1.55 crores

[14:50] So if you write it all Now whatever will come of this, 0 0 0 0 or something.

[15:02] But I am not saying that no one can win. But now understand further. Gambling is gambling.

[15:16] So suppose you know what is happening in the first 4 rupees. So the first time the team is made in 4 rupees. So now see this is the thing.

[15:32] What I said that 25 points of wicket and 8 points of one catch. You make a team. Now you have to take one wicket keeper.

[15:46] Then you have to take the batsman randomly. Now people take it randomly. Now I am doing a random.

[16:00] So if you make Dhoni the captain. So according to the brother's strategy Dhoni will not become And here you can also see the percentage captain wise.

[16:15] So they are not making him the captain. Here 18% people have made him the vice captain. So you will get 1.5x points.

[16:30] But the team that people made. Now you have to understand that. We have made it very messy.

[16:46] So that I can show you exactly. Ok. So now the strategy of the brother.

[17:04] Means if the wicket falls in the first team. So he says that all the bowlers should take it. In your team you have taken the bowlers.

[17:16] And in one team you can take a maximum of 7 people. Brother told me. Now here after this what did he say.

[17:29] You see that here 166 runs have been chased. Means the 4 batsmen of the starting. So now what will you do.

[17:41] So you are among these 4. In fact, you will give priority to 2 batsmen first. For example.

[17:53] And his performance is going very well. His strike rate is more. He says that it is a game of skill.

[18:05] Then he says that this happens twice out of 10. I am not saying anything. But he says that this happens twice out of 10.

[18:17] So it's up to you. And 2 batsmen from here. Now there are 6 players.

[18:29] So he says that the one player we need. That will be a new player. Then it is known.

[18:41] Means. So he says that the pitch is different every time. And according to the team in front.

[18:53] So the captain, vice captain, coaches. That today a new player. So he is a game changer.

[19:05] So when you take that player. Now let's see from that team. So he says that we need 4 players from this team.

[19:17] The bowlers of that team have taken more wickets here. So we will focus on batsmen. On the top form.

[19:29] You can take them. So you should focus on starting. Or those whose form is going very well.

[19:41] Now who will you make as captain and vice captain. He says that you are seeing here. Now the one who is in better form.

[19:53] Check it. Whenever you can hit a ball. When I used to watch matches

[20:06] But they used to say like Sehwag and Sachin are playing Tawar Thor starts hitting the four So if Sehwag is playing with a very strong strike rate

[20:18] So you made Sehwag the captain So now you can see in this way And you made him the captain

[20:30] And you made him the vice captain Suppose if both of them hit 50-50 Your rank is very good

[20:42] And you have also taken a new player To make money in this After this

[20:54] And I participate in multiple contests So I don't know how much money he has invested Because according to me

[21:06] Then I can invest 1000 rupees He must be investing money from mobile phones So he must have made money in this way

[21:18] But now you think Specifically he is telling And he is saying this with confidence

[21:30] How you felt about this So he must be knowing more about this system Now we will move ahead

[21:42] Government Why not ban it completely If you earn 2 crores

[21:54] TDS will be deducted 30% 30% TDS is deducted in lottery

[22:06] Who will be the winner Start

[22:20] So 30 lakhs Here also I told you this is your probability

[22:32] Then You earned and gave TDS Government gets tax

[22:44] And the income Taxation is a way to earn money Let's understand

[22:56] So now on dream 11 I have not understood You deposit money on it

[23:08] If you deposit money on it You can't withdraw that money When you will win

[23:20] Only then money will be withdrawn Money is gone It is a game of skill

[23:32] It is betting I can't say it is a game of skill I will tell you to play on it

[23:44] This is written in it So what is happening 150 million people are participating in a contest

[23:56] People come and play on their app 15 crore people have deposited People have deposited a lot of money

[24:08] So this deposit is lying with them You can also do 15 into 1000 So this is 15 crore into 1000

[24:20] And if it is lying in someone's account And I am saying Because everyone will not withdraw

[24:32] Everyone will not give money So on this If you see in FD

[24:44] According to yearly If 6.5% So you comment and tell

[24:56] Now I will tell you the data of last year 224 crore rupees When the data of this year will come

[25:08] From interest The interest on it People have deposited money

[25:20] And how will they withdraw Jain category Is running behind

[25:32] Who wins in casino Casino wins most of the time I will win

[25:44] You lose you go to hell Dream 11 or fantasy sports will make money I did not say anything wrong for dream 11

[25:56] And neither did I say anything good All the things that I felt necessary to tell Now you decide that this is a game of skill

[26:08] Is it right or wrong 11 I will give you a good suggestion

[26:20] You think I have useless money Why don't you do this And addiction is not good for anything

[26:32] Once in a year If it becomes zero then I will come back So for fun sports online gaming fantasy sports

[26:44] But it can be addictive Then what is in India And to become rich overnight

[26:56] I have knowledge of cricket I have knowledge of all the players I am telling you

[27:08] Then invest it There are many good companies You can buy their shares

[27:20] You think you will get good money I will suggest you Today in young age

[27:32] Invest in young age You can open a demat account for free And you can invest in your favorite company's shares

[27:44] I think His strategy I explained it to you

[27:56] Please comment Write it Or you will take a right decision

[28:08] Give choices When you make a team Geo cinema has its benefits

[28:20] It is your loss Watch the match everyday I don't know how much

[28:32] You are focusing on your studies You can share this video My purpose is to give the right information to maximum people

[28:44] I hope you got it Comment And if you haven't subscribed

[28:56] I will see you in the next video Enjoy

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