A Beginner’s Guide to Daily Fantasy Sports

I’m sure by now you have seen a commercial or advertisement for a new type of fantasy sports, daily fantasy sports, or DFS. Perhaps you’re wondering what all the fuss is about. And maybe you’re wondering, like I was, how can I start playing and make some cash? I will provide you some starter tips so you can begin the fantastic journey of DFS.

  • Simply create an account on one of the two major DFS sites, FanDuel or DraftKings. There are a myriad of sites out there, but before you get crazy playing multiple sites, start with one of these. Each site has slightly different rules, so when you start playing it makes sense to zero in on one in particular.
  • Research. There is an abundance of material on the internet regarding DFS, so when you start playing, it’s easy to become inundated with all the information. While it doesn’t hurt to read as much as you can, focus in on a few sites and people to follow on Twitter. There is a lot of useless and inaccurate information out there, so a key is figuring out what information is actually reliable. For instance, RotoGrinders and Rotoworld are two great and trustworthy places to start. Also, Steve’s daily videos and lineups on this site are a great tool for new DFS players.
  • Building a lineup. Most sites require you to build lineups of 8 or 9 players with a salary cap of 50 or 60K. Each day there will always be some difficult choices to make, and you will always be fighting the logic (what the research shows) versus your own gut. You have to learn to trust the research. This will prove fruitful over time.
  • Play small when you get started. Like anything else in life, it takes time to learn and master a new trade. So please, start playing DFS with a small amount of money.  One of the best parts about DFS is that you can enter $1 and $2 tournaments (called guaranteed prize pools where 10-20 percent of the field wins) and cash games (where usually half the field wins). Once you become comfortable with the site(s), research and building lineups – you can begin to think about playing higher stakes.
  • You will lose some nights. One of the absolute keys to DFS is understanding that losing is part of the process.  Even if you built the perfect lineup, you still need your players to make shots, dish out assists, and grab rebounds.  Unfortunately, players have off nights and worst of all, might get injured.  So a lot of things need to go right in order for you to win. However, if you keep building solid lineups, it will pay off over time.
  • Watch the games! A lot of people will simply build lineups by reading articles on the internet. However, when it comes time to choose between using Joe Ingles or Paul Pierce on a given night at small forward – it surely helps if you have seen Joe Ingles play (he’s a wing for Utah by the way). Remember, while reading about players is nice, there is no substitute for first hand knowledge. And this way, when your significant other asks why you have to watch basketball, you can tell him or her that it’s research.
  • The World of Twitter. Twitter is probably the best and worst thing about DFS.  If you use it right, it can provide you with all the information you need to build the perfect lineup on any given night. However, every day there are new people on twitter proclaiming to be DFS experts. These individuals will be happy to provide you lineups and information for a small fee. Honestly, while many of these individuals are legitimate, plenty are players who have had one or two good nights playing DFS. Learn how to build your own lineups.
  • Manage your bankroll. The common rule is that you should never spend more than 5-10 percent of your bankroll each night.  For instance if you have $1000, you should play between $50 and $100 per night.  Again, I recommend playing much smaller your first few weeks (closer to 2-3 percent of your bankroll). Only you know how much money you can afford to spend each night.

Hopefully, you learned some useful tips above and are now ready to give daily fantasy sports a try. Remember, this article was only meant as a guide and to help provide you with tools that I learned the hard way in my own adventures. If you want more information or have any questions, do not hesitate to email me at dagreen35@gmail.com or message me @DanielAGreen1.

 

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