Happy Sunday! Hope you all are enjoying this gorgeous summer day. Last week, I was talking to Alex, aka Awesemo, and he challenged me to a bankroll challenge. You may have heard this concept before: turn $100 into a $1000 on DraftKings, FanDuel, or Yahoo. Easy, right? Let’s see.
Wait who are you?
If you could have a five-minute conversation with anyone who knows @macapplechic you will hear: I’m driven, lovely, carry hand sanitizer in my car because I have a thing with dirty ATM buttons and gas station pumps. I’m optimistic, I love sports, I love learning new things, I am a loyal person, well-traveled, and enjoy life. I’m an engineering manager, enjoy tidiness, competitive at everything, dance in my car, and give credit when it’s due. I want to understand the why’s and where’s, I laugh at my own jokes because I think I’m hilarious. I coordinate my closet by sleeve length and color and cannot live without music at all times. I’ve been playing DFS for four years recreationally and recently won $9,500 in an FanDuel NBA contest.
Bankroll 101
It’s important to define what a bankroll is. It’s the amount of money you have put aside strictly for Daily Fantasy Sports (DFS). This money is money that you can lose and not feel bad about. It’s the same as going to the casino. When you go, you expect to have fun, not to win every single time right?
Cash Games
So let’s talk about cash games: 50/50s, double ups, and head to head matches. For 50/50s, you need to finish in the top 50% and you win less than double your money as the DFS sites take a rake from the entry fees. Wait, aren’t 50/50s and double ups the same thing? Nope, rookie mistake! In double ups you win exactly double your entry fee but need to finish in the top 45%.
Contest Selection
For this challenge, I created Head-to-Head contests in DraftKings. When you create own contests, you setting your own specifications, rather than joining contests from pros.
Create DraftKings Contest in a Few Steps
First I wanted to find the “Create a Contest” link at the top of the lobby as shown here.
On this page you will be able to customize your contest, choose your sport, slate, and league type.
When I created a head to head league, I chose the buy-in of the contest as well as how many contests I wanted to create. For this challenge, I decided to start low at $2-3 dollars per head-to-head.
For head to head contests, you can also limit the number of times a player can join your contest.
Once my contests were created, I went into Fantasy Cruncher tool and uploaded Alex’s projections into it to get optimal lineups. Then I used my optimal lineup and entered it into multiple Head-to-Heads.
You will notice at the start of a slate if someone doesn’t join your contest you will get your money back, which happened with my bankroll. I created $60 of head-to-heads each slate and a lot didn’t fill.
So, how did it go?
[table id=1221 /]
Based on the results from the last three days, it shows that entering head-to-head games will give you a return. You just have to be patient. You are not going to turn $10 into $100,000 over night but you will be profitable. Just trust the process from Awesemo. See you at the top of the leaderboard!