@Armando_fbguru on twitter
Week five just past us by and someone became a millionaire on Draft Kings! How about that? Last week there was a $2.2 million guarantee prize pool that was paying $1 million to first place. If you missed it, no need to worry, because they will be running it again this week. One of the great things about this tournament is that you’re allowed to enter multiple times. Some people have asked me if entering a couple of lineups is worth it. My answer is yes. I mean, you increase your odds, even a little, with every entry. As long as your bankroll allows, fire away.
If you’ve been following my weekly journey, I’m sure you’ve read about some of the strategies I have learned and incorporated into my weekly lineups. One of them is bankroll management, and as stated above, as long as your bankroll allows you to, this tournament is a must. This weekend, a buddy of mine and I spoke and he decided to skip the $2.2 million because of bankroll management. While it’s smart, and long term can be a good thing, spots like these don’t come often. Now, before you jump the gun and think this is contradicting my initial bankroll management piece, hear me out. I’m not saying to jeopardize your entire bankroll, or even a big percentage. However, investing 20-30% of your bankroll in this tournament isn’t such a terrible idea. Of course the odds are against you and variance is at an all-time high in this size field, but the ROI you’re getting if you hit is insane. Yes, it’s a risk, but some of the most successful business owners took risks at some point or another to get to where they are at today.
If you’re up to the challenge of jumping into a tournament with so many players, here’s the best way to reduce the variance and “hedge” your bet; do more 50/50s. Say you have a high in the money percentage in 50/50s, consider investing 30 percent of your bankroll in a huge guaranteed tournament like the $2.2 million. If you’re still getting comfortable with 50/50s then maybe about 20 percent is the right amount to take a chance with. As long as you’re aware of your abilities in your game selection and you don’t go above your means, these types of shots or risks can be considered calculated risks.
Moving ahead, I’ve recently been asked questions by several of my twitter followers and some of my friends regarding defenses in dailys. To be quite honest, my approach on selecting a defense goes hand in hand with the way I do it in yearly leagues. I simply play matchups. The only difference between daily and yearly, is that in daily leagues, I find the cheapest defense with the best matchup. What do I mean by this? Say the Jags are playing the Colts, and the Jags are the cheapest defense that week; I’m obviously not choosing them. What I do is, start from the cheapest defense available, work my way up the price range, and select the most inexpensive defense with the best matchup. Essentially don’t punt your defense slot on your roster, but don’t get too invested either. Many paid a high price for the Seahawks in Week 5 and they only scored two fantasy points. I mean, their salary was $4,200, and even though it appeared like a great matchup, it didn’t end up that way. The best approach to take is to find the best bargain on a defense that’s playing an offense that’s not known to put up tons of points and turns the ball over often.
Lastly, I know I’ve told everyone in my one of my previous articles not to put all of their eggs in one basket. However, I did say that sometimes there’s that one player that you use in almost all of your lineups. If that’s the case, my advice is to just spread it out. This past week I rolled with Jimmy Graham in almost all of my lineups, and he got hurt. That hurt my chances in most tournaments he was in. If you have ten lineups, don’t use one player in eight of them. Try to have some diversity in your lineups.
That’s it for this week. I look forward to another great week ahead and hope that I continue to learn and grow as a DFS player and provide you with helpful pointers and advice. I wish you all the best of luck!