Fantasy Sports: Strategy versus Luck

Doug MartinDoug Martin… (Silence and crickets.) Well that’s pretty much all I can say on this Tuesday after a monumental fantasy performance. Every daily fantasy player (and season long player) wishes they had Doug Martin on their fantasy team.  Dougy Fresh had a whopping 51 fantasy points, this rivals my Michael Vick performance of 57 a couple years back. The daily fantasy dream is to get a guy that produces numbers like Martin every week. I did have a similar performance with my pick of James Harden, during a NBA match up last week. It is like Christmas morning every time I wake up to a high scoring performance. It is great when they happen, but searching these high scorers out can be the downfall of the daily fantasy player’s bankroll.

I am a big proponent of consistency. I like to take the guys that I am sure will score every week. Sometimes this is my downfall, because I never take risk. Sometime this is my path to success because everyone else has take guys that are a “shot in the dark.” Ultimately it boils down to scoring and in all leagues you want 20+ point guys for football and 30+ point guys for basketball. If you can’t consistently score these amounts then you are destined for a losing effort.

I had an extremely successful college football week, due to the consistency method and the fact that Tyler Bray had what seemed like a million yards passing. In the daily fantasy game it is the guys that manage their bankroll and play consistent choices that profit in the long run. Will there ever be professional daily fantasy players? Who knows, but what I do know is that the way to make money is to be consistent and apply the 30% bankroll method every night. Read more…

Daily Fantasy Sports Strategy: Bankroll Management

Bankroll management is the single most important aspect of a daily fantasy player’s life. As an “extreme hobbyist” player (as I like to call myself) I don’t have an unlimited bankroll. My bankroll is established by any freeroll money that I win and the budgeted allotment my wife has given me each month to put toward this excellent hobby. Daily fantasy isn’t my profession (even though that would be great) and doesn’t supply the monthly money I need to sufficiently cover the bills. Don’t get me wrong, there are daily fantasy sports professionals (brettfavre444) and I would love to try playing for a living, but you guys don’t have to live with my wife (and…we will leave it at that.) For a guy like me it was devastating when I had blown through my monthly allotment during the first two weeks of the month. One of my most depressing daily fantasy moments came when I had to drain my Fan Stock on Fantazzle to register for the upcoming week. I know that’s what it was there for, but it was truly depressing. I had to sit on the sidelines and play the freerolls. Freerolls just aren’t as fun to me, even though Fantazzle does a great job of providing excellent paying free rolls for their members. I love the thrill of putting up my cash versus someone else’s cash. Being a gambler at heart, daily fantasy sports fill the void in a legal way. Daily fantasy sports require skill, knowledge, and an understanding of sports in general. This is so much better than betting on a team, because we have a hand in the outcome.

For the “hobbyist” like me, bankroll management comes in the form of making money last. I enjoy playing on Fantazzle every week, I love participating in different sports, and I like competing against multiple people. Because of these three things I want my bankroll to last throughout the month. Let’s say I put $200 a month into my Fantazzle account (excellent investment for you and the guys over at Fantazzle.) My goal is usually to allot 20% to games during the week. This would have me playing $20 that week. On Fantazzle this would allow me to enter multiple games at the $2.75 and $5.50 range or put just a little more in and tackle the $11 games (I like getting my Fan Stock, so this is what I usually do.) If I perform well and have success during that week or days then I add my winnings to my initial pot. If I lose I subtract those winnings and take my 20% from what is left. So if I have a great week and make $60 off of my initial $40 I spent the next weeks pot will be 20% of $260. If I lose (which happens…trust me) then I will take 20% of $160. This way I have money to play each day/week and I could potentially have some carryover into the next week. I have had some great weeks on Fantazzle clearing $350 one week during FedEx Cup Season and I have had some -$100 weeks, but utilizing my bankroll strategy I still get to do what I love, play daily fantasy sports every week. Read more…