I'm guessing people will be placing crazy parlays to try and win it. Betting normally is not going to win you the event.
Just received the FAQ
What can I bet on?
On Friday and Saturday bets on all sports are allowed. Those events must be scheduled to begin before 1am Sunday and be graded by 3pm EST Sunday to be eligible for scoring. On Sunday bets are only allowed on markets for the two NFL divisional round football games. The results of any wagers placed on or including sporting events on Sunday other than those 2 games will not count towards your score or minimum wagering requirements.
How does the minimum bet rule work?
To be eligible for leaderboard prizes you must place a minimum of $1,000 in bets on the outcome of any sporting event in the DK sportsbook that is live between noon Friday and the 1am on Sunday. On Sunday, you must place a minimum of $2,000 in wagers on markets for the two NFL divisional round football games. Parlays which include bets on the Sunday NFL games will count towards your Sunday minimum.
How will the leaderboard work?
Starting on Saturday with the kickoff of the first NFL divisional round game the live leaderboard will be published including the current score for each player as well as their live, upcoming, and graded bets.
The $50,000 leaderboard prize for the highest score going into Sunday will be calculated based on the leaderboard scores at 9am EST on Sunday. Unsettled/live wagers will not count towards leaderboard scores for this purpose.
What hours are betting open?
You will be allowed to place bets during the following hours, outside of these hours you will be allowed to view your current bets, see lines, and cash out live bets:
Friday – Noon to 1am
Saturday – 8am to 1am
Sunday – 8am to 4:25pm (or the schedule kickoff of the 2nd NFL divisional round game)
Do I have to be in NJ the whole time?
No, while you must be in NJ to bet and must check in with DraftKings once during scheduled hours at the player hotel or event location prior to 1pm on Sunday, other than that you are free to spend the rest of your time as you please.
Can I use the cash-out feature?
Yes, you may cash out a bet at any time during which betting hours are open an cash out is available for a bet.
If I buy myself in do I have to stay in NJ or use a DraftKings hotel?
No, DraftKings is providing room blocks in various locations for players to book but you make stay wherever you please during the event. Your entry gets you access to any SBNC
What are the betting limits?
Betting limits for all competitors will be same at all points in time although maximum bets may change as the start time of an event approaches. Any submitted requests for a bet in excess of the maximum bet will be denied.
What if I want to bet on something outside of the tournament?
Your regular DK Sportsbook account will be available to you at all times, even when betting is closed in the SBNC. Simply log in and bet as you normally would.
What happens to my money once the event is over?
At the completion of the SBNC, once scores have been tabulated and confirmed, leaderboard prizes will be placed in your account. Once that is complete all funds in your SBNC tournament account will be transferred to your main DK account and will be free for withdrawal.