STRATEGY FORUM

Comments

  • FantasyTime69

    I plan on making my first 4 figure deposit on fanduel. I am thinking about playing 5% a day. I can’t afford to lose this. So what suggestions as far as game type etc should I be playing to almost guarantee 6 figures is sitting in my account come this time next year? Assuming I have an edge? I know we have a lot of threads for guys with 50 dollars and less bankrolls. But what about 1k?

  • DSofM

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    “I can’t afford to lose this.”

    dont play.

  • deactivated146213

    Don’t! If you don’t know how to play, don’t do it. Nobody can go in thinking they can make 100x of there money, not even the top guys. If your asking questions like this don’t do it at all!

  • deactivated146213

    Deposit $50 play $5 a day. I you can’t succeed at that then stay away…

  • FantasyTime69

    Not exactly the type of answers I was looking for. I was looking more for the play 5% 90% cash 10% gpp over what I got. I just thought there would be some people here who could suggest some ways to manage it. Like a pro who did it before and could do it with 0 risk of ruin etc. Even 1 percent risk of ruin would be fine if 99% of the time you got 100k in your account. I’m thinking about just playing 100% 50/50s 50 bucks a day starting then going up or down depending on my results.

  • KindGuy

    “I can’t afford to lose this. “

    Are you high? That’s the number 1 cardinal sin of DFS. Never play more than you can afford to lose.

    Why are you trying to go for $100K specifically? Are you looking to do this full time?

  • deactivated146213

    Not a winning result. The biggest thing with your question is; “I can’t Afford To Lose it”. The answers are for your question, (Don’t do it). Ask different question! Get a different answer…

  • maxeernst

    @FantasyTime69 said...

    could do it with 0 risk of ruin

    If you find this strategy, please advise. I would like to liquidate everything I own and 100x it.

  • MrFantasy

    You wont turn $1k into $100k in a year if you’re managing your bankroll properly.

    I doubt you’re edge is >6-8% in cash games nowadays as that’s very elite over a large sample. If you played 5% a day it would take years to achieve this $100k goal with your assumed zero risk of ruin.

    Cash game crushers built their bankroll over the past few years when games were significantly easier.

    DFS is not easy. Even if you had a 20% ROI in $3 GPPs you’d experience hundreds of buy in downswings. Whats to say you don’t lose that $1k over two weeks in GPPs. It’s not even that hard to lose that much that quickly even if you have an edge.

  • FantasyTime69

    Alright lets start over here. I can afford to lose it in the sense that I won’t be homeless or hungry. But I really don’t want to lose it. So perhaps I phrased it incorrectly. Also I see I was incorrect in thinking that to win 100k in a year with 1k theres a way to do it with no risk of ruin. So those are my mistakes. I guess my real question is my strategy of playing 5% of my roll in 50/50s a good one or is there a better way to do it? I want to decrease as much risk as possible while maximizing profit. I am aware of the kelly criterion but it seems way to risky for what I want to bet. So what is realistic with a 1k start is another question I have. Perhaps turning the 1k into 10k in a year is reasonable? Then try to turn the 10k into 100k the next? I don’t want to give the perception that i’m in a rush to win a lot of money fast but i’m in this for the long haul. I figure with a 1k investment and sound picks and risk management I should hopefully succeed in this game. I don’t expect to be ranked in the top 100 anytime soon but I’d like to be able to earn a living at this some day. So any thoughts tips or suggestions would be great. I appreciate the responses I got already. They are helpful in keeping this in perspective I think I was a little over ambitious in my initial goal.

  • Paymelate

    Sheesh give this guy a break! What he meant is to deposit $1,000 and never deposit again! While preserving his $1K long enough for a the GPP Swings until he hit top prize in a gpp.

  • deactivated146213

    @Paymelate said...

    Sheesh give this guy a break! What he meant is to deposit $1,000 and never deposit again! While preserving his $1K long enough for a the GPP Swings until he hit top prize in a gpp.

    What? he wants to play GPPS” thanks for great add…

  • deactivated146213

    @FantasyTime69 said...

    Alright lets start over here. I can afford to lose it in the sense that I won’t be homeless or hungry. But I really don’t want to lose it. So perhaps I phrased it incorrectly. Also I see I was incorrect in thinking that to win 100k in a year with 1k theres a way to do it with no risk of ruin. So those are my mistakes. I guess my real question is my strategy of playing 5% of my roll in 50/50s a good one or is there a better way to do it? I want to decrease as much risk as possible while maximizing profit. I am aware of the kelly criterion but it seems way to risky for what I want to bet. So what is realistic with a 1k start is another question I have. Perhaps turning the 1k into 10k in a year is reasonable? Then try to turn the 10k into 100k the next? I don’t want to give the perception that i’m in a rush to win a lot of money fast but i’m in this for the long haul. I figure with a 1k investment and sound picks and risk management I should hopefully succeed in this game. I don’t expect to be ranked in the top 100 anytime soon but I’d like to be able to earn a living at this some day. So any thoughts tips or suggestions would be great. I appreciate the responses I got already. They are helpful in keeping this in perspective I think I was a little over ambitious in my initial goal.

    1 year, maybe you triple it. Do you care about anyone?

  • tgowen

    • Blogger of the Month

    Honestly, if you have to ask questions like this are you really ready to have a $1k bankroll? The statement of “I can’t afford to lose this” tells me that it is a serious amount of money for you. Why on earth would you be willing to risk a substantial amount of money based on the advice from random people you know nothing about on this forum?

    You are free to do whatever you want with your money. However, my only advice for you comes in the form of two questions.

    First: Can you deposit $1k and not think twice about it?
    Second: If you lost every penny of that $1k will it have zero impact on your life (internally and externally)?

    If you can answer both of those with a YES and with 100% honesty then maybe you should give it a try. If you can’t though, then it would probably be best to avoid doing it. Also, the real bummer is that Question 2 probably can’t be answered until you actually lose the $1k, because you won’t know what it’s like to not have that $1k in your life until it is truly gone.

  • sunchips666

    why not deposit 100$ and see if you can run that up to 1000$? you need a winning strategy first, it doesnt matter if u start with 1000$ or 10000$ if youre a losing player ur gonna lose it all eventually

  • Cityworkout

    It is like asking someone should I go on a date with this girl but you don’t know if you legitimately like her.

  • TinkyTyler

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    Without judgement on the “I can’t afford it” part:

    What you describe is basically impossible now. If you really need to turn 1k into 100k in a year, you simply have to play GPPs… unless you’re secretly the best cash game player ever you can’t get a big enough edge to do what you describe with minimal risk. It would literally take you 3 years at an elite ROI to do this, and that assumes you can somehow attain the same ROI over that whole time period.

    If you’re playing GPPs trying to 100x your initial investment, your risk of ruin is obviously much higher than 0. If you tasked a full-time pro with doing this, I imagine they would bust at least 50% of the time.

    Instead of setting specific goals, play a bunch of micro stakes stuff and figure out where you’re successful. If you show a positive ROI over a large enough sample on a certain game, you can form a strategy based on that.

  • SelfCharmer

    I would suggest starting with a smaller amount to get used to DFS strategies and situations, it doesn’t matter if you think you know the most about any particular sport (and you most likely do not), you have to get used to roster construction, DFS strategies etc. on the site you want to run it up on.

    This soccer season i wanted to do the same as you but I deposited $100 first to iron out any DFS related issues I would have, get properly comfortable with the scoring on DK etc. and then the plan as to deposit more once I thought I had acclimatized. Turns out I never needed to redeposit. I have a weekly blog on my results but in the 13 Weeks (which isn’t many slates at all in soccer) I am currently sitting at just under $1000 (without any GPP win over $100)

    If you are serious about “wanting to make a living” out of it some day then put in the hours now for much less risk until you are actually a winning player – similarly to poker, DFS as a sole source of income is a very difficult way to make an easy living. If you cannot beat the mirco games, you will never beat the bigger games…

  • hishboo

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    Agree with the two above posts. Ive done something like this since last year, just not at as high a scale as your describing.

    I would stay away from cash games, as gpps are much softer, and have higher upside. However if you have the time, play a token amount in cash (maybe $1-5) just to quantify your edge over the long run. Then if you build your br and are +roi you can play cash at meaningful volume later on armed with data.

    If you have an edge in gpps, i would feel comfortable playing 50 entries per night at the $1 level, but if you don’t have a reliable way of building a lot of good lineups quickly, then up the buyin and decrease the number of entries. Keep in mind that entries are generally sharper at higher stakes. I dont play on fd, but understand they cap entries at the stakes under $10, so only enter contests under $10 to avoid pros as much as possible. In general, as your br grows, id stay with approximately 5% of it in entries each night. I think you can be more aggresive up to 10% br, but it just depends on your risk tolerance and your edge.

    So this is all assuming you have an edge, which is the hard part. Quantifying edge is difficult, particularly for gpps, but getting a distribution of the percentiles of your gpp finishes would be a good start.

    Also, if you know any statistics/programming, build your own programs to scrape data, get projections, make lineups, and backtest. This isnt a prerequisite to success, but it gives you full control of the process, and particularly useful if your doing mme at low stakes.

  • tvsfrink

    I turned $0 into $200 on FD, so in theory I should be able to turn $1000 into…ALL THE MONEY!!!

  • JSteele

    Enter $1000 worth of entries into the milly maker and come 2nd

  • Priptonite

    • Blogger of the Month

    What is your DFS experience thus far?

  • TwoGun

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    Maybe if you could invent a time machine back to 2013 and play only when there were massive overlays and inexperienced players you could turn 1k into 100k.

    Now? You’ll have to have a bigtime luckbox moment playing gpps and you’ll most likely just lose it. If you come out positive at all for the year, consider yourself a winner.

  • jjwd

    @TwoGun said...

    Maybe if you could invent a time machine back to 2013 and play only when there were massive overlays and inexperienced players you could turn 1k into 100k.

    Now? You’ll have to have a bigtime luckbox moment playing gpps and you’ll most likely just lose it. If you come out positive at all for the year, consider yourself a winner.

    This is too negative. People recoil and scoff at the 100k goal, but 1k to 10k in a year is very reasonable. Once you have 10k, you have new decisions to make. For now, get comfortable with multi-entering tournaments, and stick to the smaller ones. Don’t throw too much money into the mega-fields. Cash players are understandably bitter about their diminishing edge, but tournaments are a different animal.

  • Jvanspro

    C’mon guys. The guy is just asking a question, no need to rip the guy.

    If I were you, I would go about this differently but to answer your question; the first order of business would be to start slow in cash and Gpps. Figure out what you are good at in each sport and stick to it. Personally I’m significantly better at cash then GPP. I also don’t have the time to research for multiple lineups so I build one.

    Once you know your strengths and weakness you can increase volume but not until then or you will eventually lose it all.

  • billholler

    I regularly start with $1000 and have become very good at turning it into another $1000 deposit.

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