How can bankroll management for daily fantasy football help you to win long-term at DFF?

Consistently winning at daily fantasy football is about more than just your ‘on-field’ selections. To win at DFF consistently, you need to be playing DFF consistently – and this means having enough money at your disposal to be able to do so even if you experience negative variance (or bad luck).

Variance explained

There can be no doubt that daily fantasy football is a game of skill, but there is certainly an element of luck to it too. This element of luck is also referred to as ‘variance’, something that online poker players will also be familiar with. For example, let’s say you pick Harry Kane as your captain because he has a home game against Bournemouth and has been in incredible form.

Let’s also say for example that on average in this situation, Harry Kane will earn 10 points in daily fantasy football. Selecting him as your captain is clearly a good decision on your part and one that will ordinarily benefit you massively. However, on this occasion Harry Kane limps off injured in the 5th minute and your captaincy decision (or in fact your decision to select him in your team at all) has completely backfired.

This is essentially an anomaly – something that you couldn’t predict, and therefore simply just bad luck! Of course, these situations have occurred many times before and will occur many times in the future – to everyone.

There is nothing you can do to stop the above happening, however you can make strategic decisions to help you deal with the luck element better than other players. We can out-perform our competitors by implementing intelligent bankroll management strategies that will help us to always overcome bad luck in the long-term.

What is DFF bankroll management and how should I use it?

Bankroll management for daily fantasy football is when we manage our DFF funds (i.e. the money that we have set aside to play daily fantasy football with) in a way that we minimise our risk-of-ruin, because as mentioned – if we lose all of our money we cannot play the game, and if we cannot play the game then we cannot achieve our expected earnings.

Similarly though, playing for stakes that are too small for our financial capabilities can limit our expected earnings and therefore we need to find a balance whereby we are playing stakes that we are comfortable with, without risking too high of a percentage of our bankroll.

In any case, we should always play daily fantasy football with money that we can afford to lose in the worst case scenario. It is then advisable that we should only buy-in to any particular contest with 10% of our DFF money, or bankroll. This is because if we experience some negative variance such as in the Harry Kane scenario above, if we then go on to lose because of this, we haven’t just lost all of our bankroll and we can still continue to play the game.

Bad luck can happen over and over again in rare instances, and therefore only risking 10% of our bankroll in a particular game will limit the damage that luck can do to us during bad periods. Of course, this isn’t a mathematical formula that will eliminate your risk-of-ruin, but it will help.

Like the saying “don’t put all your eggs in one basket”, the more you spread your funds around into different contests, the more your skill will prevail rather than simply hoping to avoid negative variance all the time. And need we say? – Don’t enter a contest that will cost you your entire bankroll! That is unless you are not worried about losing and will be able to replenish your bankroll through other funds. If that’s the case, play whatever you can afford, and good luck!


 

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How can bankroll management for daily fantasy football help you to win long-term at DFF?

Consistently winning at daily fantasy football is about more than just your ‘on-field’ selections. To win at DFF consistently, you need to be playing DFF consistently – and this means having enough money at your disposal to be able to do so even if you experience negative variance (or bad luck).

Variance explained

There can be no doubt that daily fantasy football is a game of skill, but there is certainly an element of luck to it too. This element of luck is also referred to as ‘variance’, something that online poker players will also be familiar with. For example, let’s say you pick Harry Kane as your captain because he has a home game against Bournemouth and has been in incredible form.

Let’s also say for example that on average in this situation, Harry Kane will earn 10 points in daily fantasy football. Selecting him as your captain is clearly a good decision on your part and one that will ordinarily benefit you massively. However, on this occasion Harry Kane limps off injured in the 5th minute and your captaincy decision (or in fact your decision to select him in your team at all) has completely backfired.

This is essentially an anomaly – something that you couldn’t predict, and therefore simply just bad luck! Of course, these situations have occurred many times before and will occur many times in the future – to everyone.

There is nothing you can do to stop the above happening, however you can make strategic decisions to help you deal with the luck element better than other players. We can out-perform our competitors by implementing intelligent bankroll management strategies that will help us to always overcome bad luck in the long-term.

What is DFF bankroll management and how should I use it?

Bankroll management for daily fantasy football is when we manage our DFF funds (i.e. the money that we have set aside to play daily fantasy football with) in a way that we minimise our risk-of-ruin, because as mentioned – if we lose all of our money we cannot play the game, and if we cannot play the game then we cannot achieve our expected earnings.

Similarly though, playing for stakes that are too small for our financial capabilities can limit our expected earnings and therefore we need to find a balance whereby we are playing stakes that we are comfortable with, without risking too high of a percentage of our bankroll.

In any case, we should always play daily fantasy football with money that we can afford to lose in the worst case scenario. It is then advisable that we should only buy-in to any particular contest with 10% of our DFF money, or bankroll. This is because if we experience some negative variance such as in the Harry Kane scenario above, if we then go on to lose because of this, we haven’t just lost all of our bankroll and we can still continue to play the game.

Bad luck can happen over and over again in rare instances, and therefore only risking 10% of our bankroll in a particular game will limit the damage that luck can do to us during bad periods. Of course, this isn’t a mathematical formula that will eliminate your risk-of-ruin, but it will help.

Like the saying “don’t put all your eggs in one basket”, the more you spread your funds around into different contests, the more your skill will prevail rather than simply hoping to avoid negative variance all the time. And need we say? – Don’t enter a contest that will cost you your entire bankroll! That is unless you are not worried about losing and will be able to replenish your bankroll through other funds. If that’s the case, play whatever you can afford, and good luck!


 

Ready To Start Playing?

Compare daily fantasy football sites and secure the best possible sign-up bonuses by visiting our Site Reviews page. Alternatively, sign up directly via the links below and start crushing your opponents today!

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DFF SITE REVIEWS

DFF SITE REVIEWS