Nascar
For those of you who played poker or have any financial background at all, you know just how important bankroll management is.
If you’re not familiar with the concept of bankroll management, don’t fear! The concept is simple and recommended for players at all levels, and particularly for anyone who is interested in starting with a small bankroll with the aim to grow.
We’re going to run through a few tips for both bankroll management in daily fantasy sports (DFS) and a few advanced lineup selection tips.
If you want to play for free, many sites have excellent Freerolls to get you started.
Bankroll Management Tips
Start With a Large Enough Bankroll to Give Yourself a Chance to Sustain Play
Take advantage of first-time deposit bonuses and free games. They can be a big boost to your bankroll on both winning and losing nights and help to cover your rake while you learn the ropes.
We usually recommend serious players starting with the max-matched deposit amount. As you play, portions of your deposit bonus get unlocked and become available.
For beginners we recommend https://www.draftkings.com and https://www.fanduel.com for their ease of use and freeroll tournaments.
Never Play More Than 10% of Your Total Bankroll on any Given Night
This rule is absolutely crucial!
To a certain extent, how much you enter per night depends on what type of games you’re playing. Stick with a 10% max outlay on any given day and you’ll give yourself a bit of downside room while you learn to conquer the game. You can always play much less than this, but it’s good practice to never exceed it!
When you first start out look for single-entry & 50-50 tournaments
This is something many overlook.
Anyone that tells you allowing multiple entries to players doesn’t decrease a single-entry players’ chances of winning is misguided when it comes to beginners.
By allowing only one lineup per player, it forces every player in the game to make the same lineup decisions instead of being able to spread the risk to multiple variations of a lineup.
Until you have the bankroll to be that multi-lineup guy, you want to avoid the people that have the bankroll and experience to do that.
Make sure to opt-in to the sites’ rewards program
DFS sites have taken features of rewards programs from the online poker community. One of the most beneficial things you can do as a daily grinder is take advantage of every possible way of adding to your bankroll and minimizing your risk.
Sites vary in their methods but most programs are based on the volume that you play. As you play more volume (and pay more rake in the process), you get more of that returned in the form of rewards, a.k.a. “rakeback”.
Remember our mention of freerolls? These can also be considered a form of rakeback. Take advantage of them!
Make sure to enter and opt-in to any rakeback or credit programs with every site.
Play mostly Head-To-Head and 50/50 games to start
As mentioned above, this is the best way to build a bankroll.
Sure, the big guaranteed games are fun and exciting, but it’s difficult to win at a rate consistent enough to satisfy and maintain a healthy bankroll. The swings in these large tournaments can be hard to overcome when you’re just starting out.
Consider these as your “cash games.” They are where you want to spend a large portion of your time as they offer the easiest route to a win by only having to beat one player (in the case of Head-To-Heads) or just 50% of the field (in 50/50s), as opposed to roughly 75-80% of the field in large GPPs & multi-entry tournaments. These simple games can help salvage a rough night when you miss out on cashes in more top-heavy tournaments. Only jump into the larger fields once you’re more comfortable with the basics.
And remember: as long as your bankroll management can handle it, you can play as much as you want! Have fun, but be responsible!