Poor fantasy basketball bankroll management can turn even the best player into a long-term loser.
It’s the unwritten rule, the dirty little secret no one talks about. Fantasy basketball bankroll management is by no means a sexy topic, but it’s a critical aspect to sustaining a growing daily fantasy account. I’ve personally seen this concept cripple top players, and like death and taxes, it WILL catch up if you insist on dancing the dangerous waltz.
Below I’m going to detail the fantasy basketball bankroll management concepts I adhere to. These are by no means the “authority” on the matter. It’s important to understand that unlike other games of skill, blackjack, poker, etc, daily fantasy is still a wild west in terms of a unified fantasy basketball bankroll management consensus. What these concepts will give you is a solid starting point. I’ve played daily fantasy at least five nights a week for over three years now, and these tried and true methods are born directly of my own experience.
To start, we’ll be using a hypothetical $1,000 bankroll for a nice clean number to work with. Our fantasy basketball bankroll management discussion will ask two questions; how much should I put in play, and what contests should I enter?
On any given night I put between 5-10% of my total bankroll in play. Determining an exact percentage is based on a few factors. The number of players and lineups I feel comfortable deploying is a huge aspect, as the more players you have varied in and out of various lineups, the more effectively you hedge your monies. For instance, if I have a total of 20 players I feel confident with spread across three different lineups, I’m much more likely to push the envelop and invest 10% of my bankroll. On the flip side, if I can only assemble one lineup that inspires confidence, I’m much more likely to stick closer to the 5% side. As you can see, this particular portion of fantasy basketball bankroll management is subjective, and leaves much room for customization.
Once we’ve determined a percentage of our bankroll to invest, we’ll need to enter contests. I stick to a hard and fast rule for this aspect. Let’s say for example that we’ve chosen to play $100 or 10% of our $1,000 total bankroll. $80 or 80% of that $100 would be entered into cash games. If you remember last week we talked about the differences between cash games and tournaments, and to refresh, a cash game is a head-to-head or double-up style contest. This gives us a solid chance to profit even if we don’t have our “a-game” for the night. Next we’ll place $10 or 10% into triple-up contests. Triple-ups have grown on me over the past year, and they represent an excellent bridge between lineups that are solid enough to finish in the money of a large tournament, but not quite good enough compete for the big prizes at the top of the standings. Lastly we’ll place the final $10 or 10% into large-field guaranteed prize pool tournaments. It’s important that we take shots at big money, as taking down a large tournament is one of the best ways to move up in stakes comfortably.
When entering the 80% of your funds into cash games, be sure to spread the wealth around. It is much better to enter eight $5 head-to-head matches and eight $5 double-ups with our aforementioned $80 cash game allotment, than it is to enter two $20 head-to-head matches and two $20 double-ups. The goal here is reducing variance, and allowing ourselves many opportunities to defeat our opponents is the name of the game with fantasy basketball bankroll management.
I hope you’ve enjoyed learning about fantasy basketball bankroll management. Please leave a comment and let me know what your thoughts are on the matter.