As I have mentioned in a couple of my articles: the thing I am worst at in DFS is bankroll management.
Last year (my first year of DFS), this was not really a problem, as I pretty much lucked into a big night every single time I “went big” (i.e., overextended myself). Like a pitcher with an unsustainably high LOB%, however, I attributed this to skill (as if I focused more, or something, on nights when I had more in play, and put together a better team as a result – as opposed to the reality of the situation, which was simply that my “best lineups of the season” coincidentally coincided with those nights on which I overextended myself).
I finally hit a cold stretch in high-buy-in games at the end of MLB – after Atlantis – but at that point, I was in the midst of an epic first-half-of-NFL-season hot streak, so I didn’t worry too much about it.
This Jenga stack from which I’d been pulling pieces from the sides for months started to wobble, however, when I continued to play GPP only, continued to go high buy-ins, and continued to just barely fall short of cashing in GPPs each week down the stretch in NFL (keep in mind: I’m not a mass-multi-entry guy, so if my 2 or 3 NFL teams for the week – which were always similar to one another – didn’t come together just right, that would be my weekend).
When NBA began, I was learning NBA DFS on the fly…while still buying in at an “I know this sport really well” level in an effort to get my bankroll back where it had been at the midway point of NFL. By the time I finally “cracked the code” on NBA, it was too late for me to win back much of what I had lost during those two months of learning.
Which puts me where I am now: in Bankroll Rehab.
I say all that to say: What is your daily bankroll breakdown? What percentage do you play in cash games, what percentage in GPPs, and what percentage in satellites?
I think we can all learn from each other’s thoughts in this area – especially as I do not think there is “one right way.” Any guys with long-term DFS success care to chime in? Anyone in the early stages of DFS success care to chime in? (Anyone still trying to figure all this out for yourself care to chime in?)
I have realized that this is the greatest weakness in my DFS game – have realized that I should have far more in my bankroll than I have, with all the big DFS wins I’ve had through my first year of play – and I’d love to hear the various thoughts anyone has on the topic. Hopefully we can get some solid discussion flowing here, and can all start learning from one another and improving in this area of our play!