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Taking My Shot at Greatness in the Daily Space (1 Viewer)

FanDuel charges a ten percent commission, which helps them give away so much money to new folks. Throw in a 52% marginal tax rate in California (as I understand it); by my math, this means if you have a 60% chance of winning each contest, and place $100K on the line, you should expect a return of $6,716. Change the number to 55%, and you've got a $2,234 return. Bump it up to 65%, and we're talking an $11,341 return.

That math sound right?

 
I'm curious what percentage of the bankroll you will put in play each week?

Depending on your play (h2h or big tourneys) I guess different amounts could apply. Seems like it would need to be at least 20% maybe up to 1/3 if you are doing all h2h, and spreading with multiple lineups.

 
Best of luck to you!

However, if you bust all the Fanduel players, aren't you worried that might hurt FBG's partnership with the site?

 
Mr. Dodds,

Can I play in a league against you? I'm sure others in this thread would like to see who they would stack up against ya.

Thanks

 
David Dodds said:
Starting the Year with $50,000 in FanDuel and will be writing an e-book about the experience including weekly screenshots to the bankroll, etc

Each week I will recap the events and then also cover a major strategy. Most of the thoughts will make my daily column each week, but I will take all of those pieces and spiff up to assemble a book. I expect this to be part funny, sheer stupidity at times.

I might crash and burn and lose everything. I might win a ton of cash.
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Is this bankroll all yours or are you getting sponsored by fanduel? I don't know about the rest of you, but when I'm playing on house money in the casino, I'm more willing to play bigger odds looking for the big payout. I'm a little more tight when it comes down to playing with my own money.

 
Translated: I will be in every single FanDuel 50:50 offered. Judging from my success last year I will be raking in your cash hand over fist. Have a nice day.

But seriously, this is the kind of thing that makes me want to play even less.

 
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Talk about Gahungas, wow! DD, I sincerely hope you tear it up this year. Can't wait to watch this unfold as I'll be in there betting my peanuts each week. This may rival the subscriber contest for entertainment purposes.

Do boxer briefs come in a D-cup size?

Do you foresee a problem getting enough opponents for the 1 on 1 games? I know you can get a lot by joining others setup games, but I could see them switching more to 50/50s if you win a lot early. I kinda think this may be an explosion year with the number of people playing though.

As a side note, I think it would be a really good idea to open a totally new account for this venture. As a show of support I would be willing to send you a referral to get it started! ;)

 
David Dodds said:
Raider,

Every week they lay out prices for all the players. You have a cap ($60K is normal) to choose 1 QB, 2 RB, 3 WR, 1 TE, 1 PK, and 1 Def without spending more than the cap. You then enter this into tournaments, head to head to head, 3 man, 5 man, 20 person 50/50 where 1/2 cash etc. You can't see other's lineups until the 1st game starts and the whole roster is locked down.

They have Sunday only, ones that include the Thursday game, Sunday late games, varying cap limits, etc for diversity
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So...

This is the part where I get sucked in (as I'm following Dodds' epic run) and I play along with him.

And

This is the part where my girlfriend looks over my shoulder and says "You're not on those damn gambling sites, are you? You promised..." and I reply "No, I told you. No more gambling. This is fantasy football. Entirely different."

I mean, it is. Right? Someone give me confirmation here. If not, then don't reply, 'cause I'm gonna ignore you anway.

 
Good stuff people.

Some answers: It is 100% my money. No deal with FanDuel. The site has a deal with FanDuel, but I am just playing on it with my money.

You are only allowed one account. I play under the name jigandreel. Feel free to compete or avoid as you see fit.

My main goal here is not to make a fortune, but to test a bunch of strategies, etc so that I can become as knowledgeable as possible in the daily space.

 
You trust these people completely with that kinda cabbage? If I had more than $8K in any one sportsbook, I'd start to get jittery.

 
Did you document the success you had last year turning 1,500 to 7,000?

Would like to read your thoughts on how you decided between certain players, also the amount of "tournaments" you were entering weekly.

Either way looking forward to reading the new blog.

 
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Chase Stuart said:
FanDuel charges a ten percent commission, which helps them give away so much money to new folks. Throw in a 52% marginal tax rate in California (as I understand it); by my math, this means if you have a 60% chance of winning each contest, and place $100K on the line, you should expect a return of $6,716. Change the number to 55%, and you've got a $2,234 return. Bump it up to 65%, and we're talking an $11,341 return.

That math sound right?
Click to expand...
Well, his win rate must have been higher than that last yr right?
 
So, I signed up for this since Maryland finally allows it. Can someone explain how these 800 different contests work and which are the best? I now how weekly salary caps work, what I mean is what is up with the different levels of a game like pro or beginner? How hard is it to place in one of the giant ones with thousands of entries? Stuff like that. TIA

 
Gottabesweet said:
Wouldn't it make sense to join just before kickoff in leagues that aren't as full but have a guaranteed payout?
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Doesn't really work that way....from what I remember...the big contests have a max entry number and most of the time they fill up well before kickoff. The smaller 50/50 contests don't run unless they are full.

 
Hey Dodds....I tried to send you a PM about a fanduel question and the subscriber contest, but you message box must be full and it didn't go through. Which tells me you are one busy guy. Hopefully you get this and leads you to the subscriber contest thread to see my question.

I look forward to getting your updates on the season and your adventure at fanduel.

 
Did three contests on Draftkings totaling about $100. Used the FBG's suggested lineups. Used K.C. defense instead of Indy. Marshall, AJ and Cameron came through big.

Routing the comp in a head to head and a 5-man battle. In a 30-person comp where the top 15 double their money. Currently 2nd in that one with a good shot at finishing first.

vick

shady

wilson

d. richardson

aj green

b. marshall

cameron

henery

chiefs

 
He has 15 weeks to make it up. It is frustrating how one or two bad calls can ruin your week with daily fantasy. Dez cost me a ton this week, but luckily I made it back and then some on the Monday/Thursday prime time games(running only one roster...eek). It is a grind.

 
Wadsworth said:
He has 15 weeks to make it up. It is frustrating how one or two bad calls can ruin your week with daily fantasy. Dez cost me a ton this week, but luckily I made it back and then some on the Monday/Thursday prime time games(running only one roster...eek). It is a grind.
Click to expand...
I still came in 4th in my 50/50, even with David Wilson scoring negative for me. I imagine the 50/50 format is pretty forgiving typically, although this was my first week playing so I'm just guessing.

 
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