Connect with us
Baseball Articles Projection Model Cheat Sheet Stacks Tool Matchups Tool Home Run Model Daily Video Golf Articles Projection Model Showdown Stats Football Articles Projection Model Cheat Sheets Season Long Rankings Totals Tool Nascar Articles Hockey Articles Other Sports Mixed Martial Arts Soccer League of Legends Soccer Cheat Sheet OffSeason Basketball Tools Optimizer Sports Betting Articles PrizePicks Model MLB Lines Model About Us Win Daily Team Shop Merch Shop Book Announcements Contact Us Our Community

Become part of our Family in our Expert Chat! This is where all the magic happens. We created a community which we consider a family of DFS players and Sports Bettors like yourself.

Expert Chat
Gold Membership Optimizer Membership Free Membership BetMGM PrizePicks Partners Sharp.App Download the App & Get One Free Month Monkey Knife Fight 100% Instant Deposit Match (up to $100) Thrive Fantasy Up to $100 Deposit Match DraftKings DFS 20% Deposit Up To $500 Bonus DraftKings SportsBook $1,000 Deposit Bonus; Bet $5, Win $280 FanDuel DFS 20% Deposit Bonus Up To $500 FanDuel SportsBook $1,000 Risk Free Bet; Bet $5, Win $280 Points Bet Up To $2,000 in Free Bets BETMGM $1,000 Risk Free 1st Bet Caesars $1,100 First Bet Match UniBet $500 Risk Free First Bet Prize Picks 100% Deposit Match up to $100 OwnersBox Up to $25 Deposit Bonus + Weekly Promo Codes Underdog Fantasy 100% Deposit Match up to $100 BetRivers 100% Deposit Match up to $250 Sugarhouse 100% Deposit Match up to $250 Administrator Quick Links wp-admin Membership Reports Members Subscriptions Transactions Content Access Rules Monster Insights Microsoft BI Administrator Quick Links 2 New Funnel New Page Theme Editor Affiliate Royale ACF Writer Quick Links wp-admin New Post All Posts New Sportsbetting Pick All Sportsbetting Picks Affiliate Quick Links Dashboard Data Analyst Quick Links NBA Proj Dashboard MLB Proj Dashboard NFL Proj Dashboard Golf Proj Dashboard Cheat Sheet Quick links Sign Up Log In Articles

Articles

MLB PGA Soccer Nascar LOL MMA NHL NFL NBA Learn Video Sports Betting
Tools

Tools

Top Tools

Optimizer

Projection Models

NFL MLB PGA NBA

Other Tools

NFL Cheat Sheet NFL Totals Tool NBA Cheat Sheet MLB Stacks Tool MLB Matchups Tool MLB Cheat Sheet PGA Showdown Stats Soccer Cheat Sheet
Community

Community

Expert Chat The Team Shop Merch Shop Book Announcements Contact Us Facebook Twitter Instagram Twitch Youtube Live
Memberships

Memberships

Partners

Partners

SportsBook Reviews

Academy

Academy

Links

Articles Videos Podcasts

Daily Fantasy Baseball Articles

Managing Your Bankroll

Published

on

BANKROLL MANAGEMENT

Your bankroll is the amount of money you plan to use playing DFS. Every player decides how much money to commit. I invest thousands of dollars a week into DFS, although I was shocked when DraftKings emailed me, stating that I had reached the $1,000,000 entry fee marker last year. That means I invested one million through the DraftKings platform alone. The best advice I can give you is to never bet more than you can afford to lose because victory is never guaranteed. You can win an incredible amount of money in DFS competitions, but you can also lose it all in a second (remember Buster Posey?). So, never bet the rent or any money you’re going to need to pay your bills.

There are ways to be smart financially and still have a great time playing DFS. When you first sign up for a DFS site, you’ll likely get a bonus—possibly even matching your initial deposit. There’s no better feeling than putting $100 into your account and seeing it turn into $200 before you’ve created your first lineup. That said, stick to the limits you’ve decided and evenly ride the ups and downs as they come. If you let the outcome of a single day or a single week affect you too much, it can really screw with your head and lead you to make bad financial decisions. I talked about this in earlier chapters in relation to gambling and going on tilt. Losing a lot of money one day and overinvesting the next in an attempt to win it all back is the kind of mistake that can really hurt you in the long run. You need to remember that there will always be gains and losses. Don’t let it drive you crazy.

Remember, a good percentage of DFS players are just having fun and making a little extra cash. For at least the first couple of months, you should do your best to remain in the game and not let yourself get overly excited when you win or extremely angry or depressed when you lose. You don’t want to make rash decisions and wind up even deeper in the hole. Be patient and recognize that there will be bumps in the road. The trick to building a bankroll is to play small contests that you think you’ve got a good chance of winning. Grind it out, night after night, and don’t go into big-ticket competitions until you’ve built up enough money to cover it. Then you’re playing with house money, which means that you can take the hits and really enjoy the wins.

You should also be organized about keeping track of your wins and losses. It doesn’t matter if you write it down in a notebook or maintain an Excel spreadsheet, but make sure you know how much you’ve spent and how much you’ve won. If you can break it down by the types of competitions you’ve played in, or the number of opponents you’ve faced, that will help you plan your future strategy. Eventually, you’ll be able to calculate your return on investment—how much you’ve sunk into DFS versus how much you’ve won.

“Show me a guy who’s afraid to look bad, and I’ll show you a guy you can beat every time.” –Lou Brock

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

At Win Daily, our motto is to “change your game and change your life.” Sure, we want to help you win that big DFS tournament. But we want you to have a greater enjoyment of Daily Fantasy Sports while you are doing it. Along the way, you also may learn some life lessons and gain some perspectives you may have never considered before.

Join Now

©2020 WIN DAILY. ALL RIGHTS RESERVED.

DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.

Published

on