Welcome to the latest edition of the NBA DFS Strategy series: Building a Bankroll During NBA. As someone who has gone through the grind of being a low budget baller, I know the struggle of wanting to build the bankroll but, just not feeling like you’re not making any progress. I will highlight what has proven to be helpful in my process and how I attack each slate when operating on a budget. This information can be applicable no matter your budget. Let’s get into it!
Before we get into other topics, I want to touch on discipline. This has been, by far, the most important aspect of improving my process. It’s the equivalent of starting a workout routine to lose weight. It is a long journey, not overnight. Stay true to your process while also improving it constantly will be the key to building your bankroll.
The biggest mistake you can make when building your bankroll is throwing darts into the large GPPs. For me, it has been crucial to maintain my focus on what my goals were and how to capitalize on my investment. Do yourself a favor and do not play the “what if” game. It will get you nowhere and only induce a case of FOMO. Instead, check out the Analysis section later in the article.
It is immensely frustrating to build your bankroll for weeks, months, etc., and to lose a large chunk of your progress because you invested more than you were comfortable with on one slate. We’ve all been there. Let’s learn from that mistake and maintain your discipline.
I am going to preface this with investment is dependent on your risk tolerance and you may be comfortable risking more or less than I am on one slate. Identify what your threshold is and play how you see fit.
For me, I feel comfortable investing 10% of my bankroll on a slate. This amount allows me to go into a slate without feeling like I am risking too much. If I were to fail on any given day, that’s fine because I still have the bankroll to go into the next day without a major setback.
When looking for contests, I do not just leisurely scroll the lobbies for contests that fit my budget, I’m hunting for the contests that I want to attack. These contests differ between GPPs and Cash games. Let’s get into the criteria I look for in my contests.
For Cash games, I prefer to attack double-ups or 50/50s with 100 or more entries. The larger the field, the closer to the mean the average score will be. Contests with a smaller entry size will be more volatile. The larger contests will offer a more consistent result, in my opinion. I usually reserve these contests early in the day when the largest cash games are available.
For GPPs, I prefer to attack the small contests with a payout percentage of over 20%. These contests differ on DraftKings and Fanduel so I will dive into both.
For FanDuel, I prefer Single Entry contests. They make it relatively easy to identify these contests because they put the word “Small” in the title. Deep thinkers over there at FanDuel. At the low stakes, you’ll see around 200-300 entrants and the higher stakes will see 100 or fewer entrants. These are great contests to attack. These contests will be available early in the day.
For DraftKings, you’ll find small contests in Single Entry, 3 Max, and MME. There is a larger variety on DraftKings and I like to have exposure to all 3 contest types. These contests will show up one hour before lock and I do not reserve contests until then. The number of entrants in these contests varies day by day but, you will see that they are noticeably smaller than the contests that open the night before lock.
It is important to track your results and improve your process to constantly improve and adjust. I prefer to go into Lineup Study and FantasyCruncher Rewind to see what I did wrong and what adjustments I need to make to find more consistent results. I prefer to see how the pros are approaching similar contests to what I regularly enter and see if I can identify a trend.
It is important to not put too much stock into one slate. I prefer to have a sample of at least one week of slates. If I fail 6 out of 7 slates, it is likely that my process is flawed and I need to make adjustments.
A wise man once told me “Dinosaurs are extinct because they failed to adjust. Don’t be a dinosaur.” Always strive to improve any way that you can.
See ya in discord,