“Different strokes for different folks”…
It’s a cliché saying, but it works! In DFS, what your buddy is good at, may be the complete opposite of what you’re good at. Some of us will have a lot more success with cash games, while others will find GPP’s easier to navigate. Some will crush MME, while others have an easier time cashing single entry. For some, small slates will be extremely profitable, while others should be increasing their spend on large slates. It goes on and on – but how can each of us determine what exactly we should be focusing on?
Keep Track of Everything
It’s as simple as busting out pen and paper – although an Excel spreadsheet would probably be easier! Keep track of anything and everything you can think of. Here is what I do, and this would also be my suggestion for all of you to try…
Start with your top row, and make columns for everything. Date, slate size (# of games), site (DK or FD), contest type, contest name, entry amount, number of entrants, number of max entries, amount entered, number of lineups entered, finishing position, amount won, etc.
Once you have all this info, you can begin to fill in your results every morning. Most sites will even let you download your past contest history, so you can go back and fill out your previous results and get started ASAP.
In order to get a better idea of what you should be playing more of in the future, you must look back and analyze your past results.
Sort and Analyze
Once you have all of your results, you can go through and sort them – start by going through cash games: What is your ROI on 50/50 contests? Double Ups? Triple Ups?
You can filter those down to slate size – Is your ROI better on small slates (4 games or less)? Medium slates (5-8 games)? Large slates (9+ games)?
Do you fare better in contests with 10-20 entrants? 100-1000 (the Jeff Mans special lol)?
What about GPP’s? How do you do with single entry vs. MME? How does slate size affect this?
You’ll be surprised at how much this can help you moving forward. This is the kind of analysis major corporations use when making decisions. If you’re trying to make money with DFS, why wouldn’t you research what works and what doesn’t?
If you’re losing money playing certain contests on certain slate sizes, you want to identify that as soon as possible. Then you can choose to either 1) not play on those nights, 2) play other contests where you have been profitable, 3) refine your build process and try to improve.
If you’re winning money on certain contests/slates – you probably want to increase your spend a little bit on those nights.
Try Something New
Now that you’re armed with the ability to track your progress over time – how about trying something new? There are quite literally hundreds of contest types/sizes/styles on these sites.
Have you ever been curious about the DraftKings “Steps” contests? Give it a shot. Start playing them, on the side, for a month or two, and after that time, look back and see how you’ve done. If you’re running a +ROI, keep going. If not, try something else.
Maybe you want to try the micro-booster, or winner-take-all games, 3-man contests, etc etc etc. You’ll never know what you’re good at unless you try it.
Head-to-heads are another great game to track. You can see exactly who you’re playing against, and what your H2H record is against certain players over time. There are a handful of players that post games in the H2H lobby every. single. day. that I absolutely crush.
Over time, most of these guys will end up blocking me from taking their games, but some of them just want volume, and don’t bother tracking who they’re winning/losing against.
This goes the other way, too. There are players, from time to time, that I see I’m losing against over time. Luckily, you’ll be tracking results, and can stop taking that player’s games, and/or block those players from taking your games.
We all want to be winning DFS players – you wouldn’t be here if you didn’t. You must use all the tools and information that you have available to make informed decisions about the choices you make moving forward.
Tracking and analyzing your past results is one of the best tools you have at your disposal to make sure you aren’t losing money.
If you’re a losing DFS player – I want you to do this right now.
Literally, take the night off from DFS, download your contest history, chart your data and results, and find out what you’re losing money playing. This will be much more profitable over time than binking a GPP tonight would be.
If you’re losing money playing cash games – STOP! Either stick to GPP’s or change your process for building cash lineups.
If it’s GPP’s – STOP! Either change the way you’re building your lineups, change your contest selection, or stick to cash games.
It really is easy to find out what is going wrong. How to correct it may be a little harder, but luckily, you guys have some really sharp content providers that are here to help you – all you have to do is ask!