How Sharks Make Money on Draftkings!
This is how the sharks of draftkings will approach their betting habits.
- Bankroll Allocation
- Game Selections
- Understanding The Sport
- Using Online Tools To Choose Proper Lineups
- Advanced Strategies
Bankroll Allocation:
This will change for every person. Some folks can re-deposit whenever they want; while others can only deposit once a month. Whatever the situation, you must account this into how much you spend on a daily basis. You cannot win if you do not have money to wager.
So a basic rule of thumb is never bet more than 10% of your total bankroll on any given day. This number may need to slide up or down depending on how often you play. If you are playing something like baseball or basketball where games are daily; you might want to slide the number down to 5%.
The goal is to not to have to redeposit; even if you have a bad day at the office. Draftkings at the end of the day is still a form of gambling and you will have losing days. You can do damage control with proper bankroll allocation.
So lets give a literal example of this in action. Lets say you can deposit 100 dollars, one time a month. You plan on playing basketball daily. The next time you can deposit is next month. So you need to calculate the maximum you can spend daily. You got to stretch 100 dollars through 30 days, so with some simple division 100/30= $3.33 a day. You can wager $3.33 and lose and still make it to the next payday. You can do the same thing with football. There are about four to six days a month with football. 100/6= $16.66 a day.
The next thing we will look at is how to spend that daily money.
Game Selection:
Game selection is key to a successful shark. In draftkings, the three main game types are cash games, tournaments, and 50/50's.
Cash Games: Games where you go head to head with one other person and first place wins the prize pool and second place wins nothing. Higher odds of winning but the prize pool is really small compared to tournaments. You can win while scoring an average points total.
Tournaments (G.P.P): These are games that have many entrants. The top 20% of the field wins money. You come in the top 5 in one of these you'll be sitting pretty on some new big money. In order to win one of these you have to have a perfect line-up. Barely making it to the top 20% will just cover the entry, so these types of games you must swing for the fences and make it in the top 1%.
50/50's: Are like a mixture of cash games and tournaments. They will have multiple entrants and instead of the top 1% of the field getting most of the money, the top 50% of the field will all double their money. So taking first in these game types will not yield a prize larger than anyone else. These are fairly safe and you don't need a super high point total to compete and make your money back.
Sharks will usually put 80% of their daily budget into cash games and 50/50's. The remaining 20% will be entered into tournaments. Lineups entered into tournaments will be built around high ceiling players. Meanwhile lineups built for cash games and 50/50's will be centered around safe players with a high floor. The cash games and 50/50's will keep your bankroll slowly growing over time and hopefully cover any losses you have for that day.
Understanding The Sport:
Sharks will have a basic understanding of the sport they plan on betting. For instance if you play football; knowing how the games will play out can be a big advantage. In basketball, the starters will have games where they play less minutes than normal in hopes of saving some gas for later in the season. Just having a basic understanding of these things can help you set optimal lineups and stay away from people who will not perform as expected.
Using Online Tools to Help Build Lineups:
Most sharks will use products online to look at stats and use lineup optimizers. Optimizer's are used to pick a couple guys you really like, and a computer will make as many lineups as you need with the information you provide it. Knowing stat's will help you predict the possible outcomes of all the games on the slate.
Advanced Strategies:
We will cover some of these advanced strategies in future post. But the sharks all have advanced strategies when it comes to building lineups. They make sure to never have any discrepancies in their lineups! Like playing a wide receiver then choosing the defense he is playing against. Why would you put those two combos on the same lineup? It's counter-productive and will cap the ceiling of your total score.
Sharks also use tactics such as stacking games or teams. This involves choosing a bunch of people from the same game or team. They also use a thing called "hedging". This is a concept of setting lineup A and making an opposite lineup. So if things don't work out how you expect you have a couple lineups that could still win.
Conclusion:
I hope this helps people understand how sharks like to think. They are very methodical and everything they do has a purpose and research behind every move. Take some of this article and apply it to your own game.