If you are new to using daily fantasy sports sites, be prepared for a big challenge. These games are fun, but they are not easy. This is why so many people lose money playing. But, you don’t need to be one of these people. If you take it seriously and follow the advice we’ve given, you will eventually become a highly profitable player. You will need dedication and patience, though.
You will lose. Often. Depending upon the contests you are playing in, though, that doesn’t mean much. If you are playing in a 10x multiplier, for example, losing 60 or 70% of your matches is still going to be profitable for you. If you are playing in a double up contest, that’s really bad. You need to find out which kinds of tournaments you are going to be successful at, and then focus your energies there. This will take trial and error, unfortunately, and the errors can cost you money. The best way to offset your losses is to start small and work your way up. Both DraftKings and FanDuel have a variety of free tournaments to enter, and these are great for learning the basics. You will lose a lot here, but you will gain some skills if you take it more seriously than the majority of people do. Once you start at the lower stakes, you will need to expect losses again, and it will cost you money this time. The more you play at the lower levels, the better you will get. Do not move up until you can afford a few big losses without it affecting your account at all. This kind of risk management is a necessity. It can be time consuming, especially if you start with a minimum deposit, but the experience will be worthwhile for you. Unlocking bonuses as you go will help, but don’t rely on them.
Expect improvement… eventually
You will improve if you work at it, but it can take time for the results to show. You may have the skills needed to be great, but they might not show up in your account size for weeks after those skills manifest themselves just because of the variance associated with daily fantasy sports. Stick with it, be patient, and keep plugging away. Eventually, your skills will shine through with a few big wins here and there. When this happens, it will all be worth it.
There is a very easy path to increasing your profits, but most people don’t even know about it. Above, we mentioned that the right tournament can affect your success, and it’s true. Playing at the right stakes level, in the right contests, with the right skill set will lead to a higher rate of return than you would normally expect. It’s an easy concept to comprehend, but a tough one to implement. It’s very much worth it to spend some time figuring it out sooner rather than later. It doesn’t matter which sport you are interested in, either. The big four (MLB, NFL, NBA, NHL) all have similar tournament varieties, and if you play any of these, you will have a lot of choices within that sport. Learn what your speciality is, and you will find it helps you a ton down the road. You will see losses at first, but they will more than make up for themselves as you find your niche.
Are you ready to start playing? The only way to get better is through experience, so the more you play, the more you will learn, and the better you will get. This is a fun, exciting, new kind of fantasy game, and now is the time to start improving your skills. Daily fantasy sports are only going to keep growing in popularity.