Newbie here - longtime redraft player, and week 4 is my first week playing DFS (DraftKings only). Read Cracking Draft Kings, and have been soaking up as much info as possible the first 3 weeks - held out on actually playing so I had some 2015 data points to work with.
Came here for the discussion on how many lineups to play on any given week while I was researching how to best manage exposure...My first set of lineups were only about 20% unique, and so I felt I was too exposed to a handful of players/games....So I redid them all, but in retrospect, after reading this thread, I feel like my next pass was way too far on the other end of the spectrum. I ended up with 13 unique lineups that all had a bit of overlap (I used those 13 lineups in 13 different entries: 5x $3 GPPs, 5x $5 3-player, and 3x $5 doubles - all Sunday-Monday slates - you can see what I ended up with here:
https://www.dropbox.com/sh/owhqz9vfjv7lkf4/AABUsmRhEJ89kIDaKmLTJRPZa?dl=0 - it's looking like I'll end up breaking even, which maybe isn't so bad given how wacky this weekend was).
As for what kind of player I'd like to be, since a few people made that comment, I'd prefer consistent winning over large swings. My intuition says that over the long term, consistency will win out over the latter - is that a poor assumption?
Going to try rolling with 3-4 identical lineups across all my cash games next week, and try to enter a lot more contests with smaller buy-ins per jandyt's suggestion. Rolling with just 1-2 lineups seems too risky to me (granted, I have 0 experience prior to this week) - Walking Boot's logic seems to makes sense:
- if you go 1 or 2 and 1 misses, you either lose money or break even...and in the NFL, the likelihood of 1 miss isn't that low
- if you go 3, 2 hit and 1 miss, you make money
- if you go 4, 2 hit and 2 miss, you break even
For GPP, I'm thinking of sticking to more or less the same approach I took this week: make 1 lineup per stack I like...But how overlap is ok in the non-stack portion of these lineups? And should I worry about overlap/exposure between my GPP lineups and my cash game lineups? Or should exposure/overlap be managed separately for GPP vs cash games?
Since I'm planning to drastically reduce my number of lineups per week, therefore increasing my overlap/exposure, I'm back to having a difficult time understanding what my goals should be regarding properly managing my exposure...In 'Cracking Draft Kings' there's a chart on page 136 "Ideal Positional Exposure Based on Rankings" with "Exposure Percentage" on the Y axis and "Total Exposure Ranking (Cash Game + Tournament) on the X axis - I don't get it. I understand the Y axis, but not the X. Is the lesson here important? Can someone explain? I've reread that section a dozen times and still can't figure it out...
Any suggestions for analyzing and balancing exposure? Useful tools perhaps? I'm playing around with Daily Crusher right now, but didn't utilize it for actually putting my lineups together.
I'm surprised that Dodds said "I don't worry a ton about overlap" - doesn't that mean "I don't worry a ton about my exposure"? Am I worrying too much about this metric?
One thing that really shocked me in this thread was the suggestion of playing 10-20% of ones bankroll. Seems like A LOT to me. I decided my bankroll for this week by calculating how much cash I have per week if I were to win $0 every week. I deposited $600, so with 14 weeks left I had $42 to spend per week. Since I figured I should win some each week, I bumped my budget to ~$50/week. I realize this is wayyyyy too conservative, but since it was my first week, I thought that was a good place to start. 10-20% seems wayyyy aggressive to me - you could go broke within 5-6 weeks. I think my logic on this stems from my previous experience playing a lot of poker in casinos...Can someone elaborate on where the 10-20% strategy comes from?
A somewhat unrelated question that I thought of while reading this thread - any particular reason why content like the David Dodds cash game stacking strategy is not blogged on both Fanduels and DraftKings blogs? I'm currently only following DraftKings blog since that's where I play, but it seems applicable/interesting for everyone, regardless of which site they play, no? Does this happen often, and so I should follow both?
Apologies in advance for the wall of text