Why Daily Fantasy?
I'm sure you've heard of it by now. You've heard
the commercials on your radio for DraftKings or for FanDuel, perhaps you've
even seen some of these commercials on TV. You might even know some friends or
family who subscribe to My Fantasy Fix, but you're still a little unsure about
just what daily fantasy sports is and if you should be a part of it. I know
exactly how you feel... because I have been there.
I have been a subscriber to Sirius XM for
several years and I don't think my tuner has ever moved off XM 87 - Sirius XM
Fantasy Sports Radio. A couple of years
ago I remember feeling inundated with radio commercials advertising something
called Daily Fantasy Sports. At first I
immediately thought that the advertised winnings weren't real and that the
people were fake. Upon investigating
further, however, I soon realized that these websites were real and everyday
people like you and me were hitting it big by playing fantasy sports.
What are daily fantasy
Daily, or weekly, fantasy games are just fantasy
contests with shorter time horizons than season-long fantasy leagues. All
daily, or weekly, fantasy games use points-based scoring with each daily game
provider having their own set of scoring guidelines (which can differ significantly
site-to-site). Contests vary in their game type and payout structure but all
contests payout shortly after the conclusion of the final day's games. This short timeframe allows you to play one
week but maybe take the next week off.
Daily fantasy sport (DFS for short) has revolutionized the fantasy
industry and allows more people access to fantasy sports games. You're no longer tied to your computer or
tablet night in and night out, scouring the waiver wire, or proposing trades
after your star player gets hurt. You
choose the days that you want to play without the consequences of losing your
place in the standings!
What types of games are
The most common form of daily or weekly fantasy
games comes in Salary Cap contests in which you're given a set salary cap to
fit a roster of players within. Each player in the available player pool is
tagged with a salary and all of your opponents will be faced with the same
roster construction decisions you are.
Snake Draft leagues are what most people in
season-long leagues are accustomed to. You participate in a league where draft
position is randomly generated and the order for picks "snakes" each
round. For example if you were participating in a three-person snake league,
the draft order for round 1 would be randomly generated and then round 2 would
reverse the order. So round 1 would go: 1-2-3 and round 2 would go: 3-2-1 and
the draft would continue in this fashion until each team has a roster filled
Pick-em or Rapid Fire:
Many of the daily fantasy sites also offer a
game that's typically referred to as Pick-em. In these games the player is
presented with a group of players to choose from and mandated to select one of
those players per group. Often the groups are referred to as tiers and a roster
is filled out with one selection from each tier. The number of available
players in each tier will vary by site and vary by the number of games on the
schedule each day.
What types of game
structures are offered?
In these contests a user constructs their roster
against one other opponent and competes in a "winner-take-all" prize
pool. This same structure can also be mimicked for "3-man" contests
where you play against two other users for a winner-take-all structure.
Double-up games simply reward users who finish
in the top half of their field by "doubling-up" their entry fee. For example if you're in an $11 10-man double
up, users who finish in the top five will get paid out $20 (two times the entry
fee, with $1 going to the daily game provider for site fees). Double-ups do not
reward the "top" finisher with a larger piece of the prize pool than
the 5th place finisher (in the 10-man example), which makes the
game unique compared to other large field contests which heavily weight the
best overall performers.
Often referred to as GPP's (Guaranteed Prize
Pools) most sites host a few large tournaments a day in which they
"guarantee" the prize pool, ensuring that the full payout happens
even if the tournament doesn't fill. The payouts vary in number of places paid,
but typically the prize structure is heavily weighted towards the very top
Satellite or Qualifiers:
These are tournaments wherein the top finishers
are awarded entries into bigger prize pool contests.
Now that you know, how do
you get started?
After developing a better understanding of what
daily games are and how the industry has been shaped, I decided to start
playing. I started by playing free games that are offered by many sites as a
way to make users comfortable with the game set-up and structure. I can't
stress this enough. Take advantage of the free games offered by the sites, as
they're a great learning tool. After playing a few weeks of free games, I made
my first initial deposit and started off by playing low stakes contests ($5 and
$11 games). Double-ups are an excellent way to "dip your toes in the water" of
DFS because they provide you with a much higher chance of cashing out at the end
of the night. In this format, you don't
have to make all the best picks, you just need to be better than half the
league (or half the league needs to struggle more than you).
If you struggle in your first experience with
daily fantasy sports, don't worry, I've been there too. Much like the development of a minor league
baseball player, I typically struggled at each new level and challenge I took
upon myself. As you move up to higher
stakes games or large GPPs, you might encounter stiffer competition. There are many phenomenal daily fantasy
players out there and it can sometimes feel discouraging when you see the same
names winning night after night. Use
those players as an example for yourself.
Look at their lineups and try to get inside their head to understand why
they picked a specific player (did they stack a specific team, did they spend
on stars and fill the rest of their roster with value punt plays, etc). Eventually you'll develop a process that works
for you and you'll adjust to your competition, just like a minor league
baseball player does.
If nothing else, the excitement of DFS is enough
to justify your initial and future investments into your DFS accounts. As I've
grown as a daily fantasy sports player, I've tried various strategies or
processes to reach the outcome we all want - to win and make money. I've had hot streaks and I've had cold
streaks but I have developed a process that has helped me become successful at
building my bankroll rather than shedding my bankroll. Now I'm ready to share these tips with our
subscribers. So why should you make the jump to daily fantasy? Because you can essentially get paid for
being entertained and watching sports!
DFS is both fun and challenging. Let us help get you started off on the
right foot! By changing the results of just one head-to-head or double-up
matchup a month, our subscription will pay for itself! Try us free for a week, a month or
jump in for the rest of the season - welcome