100 Fantasy Football Tips in 100 Days, Day 35: Optimal Buy-Ins in Daily Fantasy
My book Fantasy Football for Smart People: How to Cash in on the Future of the Game examines daily fantasy football strategies. Here’s a sample discussing being flexible when determining your optimal buy-ins:
In addition to your willingness to take on risk, the nature in which you formulate your weekly lineups will dictate your bet sizes. Namely, if you add the same players on multiple teams, the volatility of your bets increases. If you theoretically used the same lineup for every team and wagered 25 percent of your bankroll, for example, a very poor week could legitimately leave you with no returns, depending on your league structure. On the flip side, if your player selection is very diverse, i.e. the same players aren’t on multiple teams, you can increase the amount you place on each squad. The exact amounts you wager on each lineup should be molded according to a variety of factors.
I’ll talk more about player selection, but it’s important to know that it goes hand-in-hand with the size of your wagers. Remember, your goal as a fantasy owner is to increase upside without significantly increasing risk. Thus, the relationship between player selection and bet sizes should be an inverse one; the more you diversify your lineups to limit downside, the more money you can place on each team to subsequently improve your upside.