DFS Bankroll Management
One of, if not the most important aspects of sustainability in Daily Fantasy Sports is Bankroll Management. This is very important for the fact that if you spend all your money on one week and can’t afford to spend more money, you will find yourself out of the game every couple of weeks. This is why it is so important to be careful with your bankroll management.
In this article, we will break down what it takes to make your bankroll last for the season of the NFL. Now, this is not the end all, be all for bankroll management and what works for me, may not be what works for you. The important part is making sure you have some sort of plan and strategy in DFS to make sure you can make your money last.
How Much Money Can You Start With In Your Bankroll?
When you are deciding how much money you will start with in your DFS account, ask yourself how much are you 100% comfortable losing. Now, the goal isn’t to lose but things can happen and we have all had those bad weeks. So start out with whatever you are comfortable losing so if the worst week happens, and you lose everything, you aren’t missing out on money you didn’t have to wager with.
How Much Money Should You Play Each Tournament?
This really has a lot to do with if you are a weekly player or if you are a daily player, like myself. Since DFS has came into play, I have grown to love playing on a daily basis so I budget my daily outlay at 10% of my total bankroll. That means if I have $500 in my FanDuel account, I will play $50 each day. Now, that doesn’t mean I play a $50 game, it simply means that I play a total of $50 throughout that day.
How Much Should You Devote To GPP’s vs. Cash Games?
Every person is different when it comes to how to determine how much money you will dedicate to Cash Games vs. GPP’s. Let’s face it, we all like that chance to win those big million dollar prizes but the reality of winning them is dependant on the perfect storm happening. The chances are much smaller so we strongly encourage you to play a significant less amount of those type of games. A good rule of thumb is 75% Cash Games to 25% GPP. If you stick to this rule and don’t break your habits, you will find your bankroll much more sustainable with adding to the overall bottom line each week.
Is It Better To Play In Large Entry Cash Games or Small Entry Cash Games?
Different people have different opinions on this but my theory is as follows….I like to play the larger entry Cash Games. I’d much rather play in a 50/50 with 1000 players than a 50/50 with only 10 players. Here is my logic on it….
When you’re playing against 1000 other entries, chances are some of those entries may miss a player that is benched or miss a player that is taking the game off. When that happens, you move yourself up automatically because chances are that zero is going to hurt them enough that they won’t be able to place themselves in the money.
Additionally, I think it is easier to finish in the top 500 than it is to finish in the top 5? That may not make any sense and logistically, there really is no difference but theoretically I think it works out better to have a larger player field and and more people to falter behind you!