Basic Daily Fantasy Basketball Tips
The final lesson in this course will give you tips that I have learned playing daily fantasy basketball over the years.
Bankroll Management
Whether you are a professional DFS player or whether you just play every now and then for fun, everyone needs to develop proper bankroll management. It doesn’t matter if you are a winning player – if you do not have proper bankroll management, you can easily see your entire bankroll disappear quickly.
You should never over-extend yourself in any single slate of games. My general rule of thumb is to play between 5-10% of my bankroll each night. That includes cash games and tournaments and it includes all of my action across the industry. If you set a strict percentage that you put into play each night, it will allow you to play more when you are winning – since the bankroll is higher – and less when you are losing. This will allow you to overcome those cold stretches, while also putting more dollars in play when you find yourself in the midst of a heater.
Now, when I refer to the percentage of bankroll, this doesn’t have to be the total number of dollars that you have in your account. I like to refer to it as the total amount that you are willing to allocate toward DFS. So, if you are playing $20 a night and you know that you will deposit more if you lose it; the $20 is not your actual bankroll. In terms of what percentage of your nightly amount in play should be allocated to cash games or GPPs, it really just depends on the player. Personally, I have most of my success in cash games, which is why typically play 90% cash games and 10% tournaments.
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