If your new to daily fantasy sports you may realize that there is more to game than you initially thought. You may have signed up due to the allure of promised “sports riches” but of course its not as easy as it seems. Before you risk another dollar, here are a few tips to help you become a more profitable DFS player in the long-run.
5 Ways to Increase your DFS ROI
1) Small Field Tournaments
Lets face it most people who try DFS are initially attracted by the huge multi-thousand dollar prizes at the top of those “recommended” tournaments. The truth is if you don’t have the bankroll to submit 150 or so entries you probably have just as good of a chance at winning your state lottery. Anytime a tournament advertises $3 to win $50,000-$100,000 think about how many people your competing against to reach that prize pool.
Sure if you happen to hit one on a $3 entry your DFS ROI (Return on Investment) would be attractive but in the long-run the chances of you winning those contests consistently are extremely low.
GPPs (What are GPPs?) are fun I get it, keep playing your tournaments but try playing in some tournaments with less people in it. These sites offer all kinds of tournaments that go over-looked by a lot of people. There are tournament style contests with 100, 50, even 20 people in them and obviously the average scores for first place are drastically lower. For example, it’s a lot easier to average a 150 MLB score than a 250.
You still won’t win every night but most likely you will win larger chunks more often. If you’re successful enough and can build up your bankroll, then maybe you can consider throwing a 100 entries in those mega payout GPPs.
A lot of people who play DFS don’t have the time to do the extensive manual research that is required on a daily basis before making their plays. Between school, work, family and real life in general, there just aren’t enough hours in a day for many.
While nobody truly knows the outcome of a player’s performance prior to the event, it’s safe to assume that an educated, data backed prediction is going to be right more often than a blind, perhaps even biased one.
Join a DFS community so others who have the time to do the research can help you. Many of these sites such as ours, also offer write-ups, community chats, data models that put all the important stats in one place and even Live Streams for you to watch or listen to. (Check out our packages)
3) Play Cash Games
Understand that while GPPs are certainly more attractive and deliver the most immediate gratification, they are extremely hard to win consistently. Yes there are some who are successful only playing tournaments but they will tell you they have losing nights more often than winning nights.
Cash games (What are Cash Games?) offer you a more consistent contest style. Yes, the ceiling itself is lower on a nightly basis, but again the floor is higher as well. Cash games offer you a way to win consistently and hedge some of those GPP losses.
If you can win your cash games more regularly, you are much more likely to succeed in the long-run and without having to continuously deposit money.
4) Don’t Chase
Nobody likes to lose and there are going to be nights where your slate has been declared a loss in the opening 2 minutes of a game. When this happens the worst thing you can do is chase after the money trying to save your losing night.
Don’t be a sore loser, take it on the chin and move on to the next day. You don’t want to risk more than you planned on any extra slates just because you can’t handle a loss. Live to fight another day, some days you just won’t have it and you are better off trying your luck the next day opposed to forcing a losing mentality on more slates.
5) Use Twitter
Twitter is a great tool for quick updates in short spurts. While your at work or on the go if you’re following the right people on twitter, you could really save yourself a lot of time when building your line-ups later in the day. Weather updates, injuries and even starting line-ups are all over twitter for free and without this quick info you are going to be behind.
Follow team beat writers – their job is to follow the team and write/tweet about them. Some are obviously better than others but you are looking for as much information as possible and fast.
Follow the team twitter pages themselves – narratives such as birthdays can pointed out by team twitter accounts.
Here are a list of twitter accounts to follow:
@Wise_Take – See when WiseTake articles and updates are released immediately.
@PaulieDDDDDDDD – GPP advice.
@PatioJoeRef – Cash Game advice.
@CK_013 – DFS advice.
@KevinRothRX – Great for weather updates, very important in MLB specifically for obvious reasons.
This game is a lot of fun and you CAN be successful if you really want to be, but it isn’t going to be as easy as it may have been advertised to you. It is a game of skill and it is important that you learn and utilize it before putting your money on the line. If you want DFS to be a hobby that provides you with additional income or even something more, its time you start increasing your DFS ROI.