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Bankroll Management

Josh Engleman’s $100 Bankroll Challenge: Intro + Day 1

Josh Engleman

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The world's No. 1 daily fantasy player, Alex Baker gives out some strategy tips for how to win on DraftKings and FanDuel in 2021-22.

$100 Bankroll Challenge

Over the past few weeks, I noticed an increase in the amount of bankroll/contest selection questions. How should I play with a small bankroll? What type of contests should I be entering? Most of the time, every answer is unique to the individual. The more I thought about it, I realized there was an opportunity to provide a legitimate example.

For the rest of the NBA season, I’m going to be putting myself through a bankroll challenge. I spoke a bit about this yesterday during the Live Before Lock show and in our Premium Slack. Heading into last night’s slate, I brought my balance on DraftKings to $100. Each night that I play, I’ll be doing my best to build from the ground up. I’ll be tracking all of the results in a combination of articles and videos so that people can follow along with the journey. If you have any questions about it, please feel free to contact me on Twitter or in Slack.

Day 1

At 6:55 p.m., I was feeling pretty good. I was just finishing up producing the Deeper Dive and was all set to hop on Live Before Lock. Julius Randle was in 13 of my 20 lineups. He was my most exposed player. And then, he was out. The challenge was off to a fantastic start. I had an hour to fix it and it was all going to happen on stream.

For the first day, I decided to play 10% of the $100 bankroll. For me, this is a good rule of thumb. I split that $10 50/50 between cash and GPPs. I max-entered the $0.25 Quarter Jukebox (20 entries) and entered five $1 double-ups. For cash, I am switching between head-to-heads, double-ups and 50/50s just to have different contests. The difference between head-to-heads and the other two contests is simple variance. My expectations on success are the same.

The following is my cash lineup from last night. It was also one of my lineups in the Quarter Jukebox. As you can see at the top of the screen shot, it finished in the money. I don’t have much to say about the specifics of how I ended up on the guys that I played. That’s more of a discussion in the moment. When picking a lineup for cash, I’m looking for the best combination of projection and ownership. I’m not trying to be super unique. I got just enough out of Jerami Grant, Brandon Ingram and Otto Porter to push me into the green. Without diving into the details of the GPP lineups, you can see from the screenshot below how it went. The first night was a success.

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All in all, I couldn’t be happier with the start. I put $10 in play and was able to profit $9.23. I put all of these lineups together live on the stream last night, so you can go back to see that process, if you’re interested. While I won’t be live on the stream tonight, I will be in Slack. I’m approaching tonight’s slate in the same way, with $11 in play.

Over the next two-plus months, I’ll do some quick recaps like this, but I’d expect to do more from a video perspective, so keep your eye on the YouTube channel. I’ll also be able to dig a bit deeper in the videos. It’s not just about the results; it’s about how I got there. Let’s make money together!

Josh is Contributor for Awesemo.com where he hosts video and writes content regularly across the primary sports of MLB, NBA, and NFL as well as contributing to the development of models and projections for soccer. He originally started producing projections & articles for Reddit's r/DFSports in 2014 where he built a loyal following that brought him to where he is today. Josh is most known for his elaborate Excel spreadsheets, which he shares in all of his video content. You can find him on Twitter or hanging out in Awesemo's Premium Slack. You can contact Josh by emailing [email protected].

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