As a host on SiriusXM Fantasy Sports radio and an avid listener when I'm not on air, I am exposed to a myriad of thoughts and opinions about the fantasy industry. Up until Thursday of this past week, however, few have been as thought-provoking as Craig Mish and Jim Bowden's conversation on air surrounding every radio host's responsibility to hold themselves accountable for their advice.
In case you missed it, the gist of the conversation centered around how content providers and touts are quick to brag about their successes, but are often slow to admit their failures. One caller even called in to say that he wished there was more transparency from the individuals who provide DFS advice regarding the types of games they play and their success rates.
The show sparked my interest and my mind started churning. While the Fantasy Sports Trade Association (FSTA) technically regulates the mainstream DFS content providers, there remains a low entry barrier and much of the content is duplicated, reproduced, and even ripped off. Original thought and original content providers are becoming more difficult to find, and as a result, the market is getting saturated with groupthink, both among experts and consumers.
As for myself, I've always tried to be forthcoming with my subscribers at MyFantasyFix regarding the type of DFS player I am. I routinely share my contest selection and general GPP strategies, along with other topics like bankroll management and other process-related education. I haven't, however, openly shared all of my results for anyone to access and see. Honestly, until this week, the thought never even crossed my mind. I'm primarily a small stakes player that places a heavy emphasis on cash game grinding to fund my single entry tournament entry fees. Subscribers shouldn't be shocked to hear that, since I've referenced that strategy on numerous occasions in my writing. I've taken down or placed in the top 5 of several GPPs over the last year, but as a father of two young children, I choose to re-invest my winnings in my family rather than my bankroll. That means I'm perfectly content grinding it out on the small stakes level, passing up an opportunity to be even more profitable by upping my entry fees (higher entry fees = less competition = generally lower scores needed to win). Does that mean I miss out on the opportunity to brag that I "took down $10K last night" (failing to mention it took me $9K to win that much)? Yes, it does. But it also forces me to keep my process sharp and my analysis on point. Be very wary of players who only talk about how much they win, as opposed to what they profit, or what return on investment percentage (ROI%) they earn.
Nonetheless, I'm proud to say that even though I am not a high stakes player, I consider my skill level as a DFS player on par with anyone in the industry. Does that mean I'll give the best advice in the industry regarding the best way to multi-enter 150 lineups in one contest? Heck no, but does that mean I can give you an interesting perspective on how to build lineups in single-entry or small-capped entry GPPs based on my success rate in those formats? Heck yes.
So in an effort for full disclosure and pure transparency, here are my results from FanDuel and DraftKings for MLB and NFL since 2017. To other content providers and touts who may be reading this, I challenge you to help clean up the industry by also posting your performance. To other readers out there, I challenge you to request that your content provider do the same.
On Wall Street, investment money managers have to release their performance metrics. By the same token, DFS is also an investment. Shouldn't your expert have to release his/her performance?