Before you can answer this, you need to have a better understanding of what your goal is.
If your goal is to risk very little and hopefully have a big return, then it’s pretty simple. You should play GPP’s.
If you have thirty dollars you may be asking yourself “should I make ten teams in the $3 MoonShot Tournament on DK” or “just play the double ups”.
In all honestly if your goal is to turn that $30 into over $100 dollars, I would suggest you start grinding out the double ups. The problem most people (beginners) have is they don’t look too far into the prize pool and actually think about the odds.
My one issue with Draftkings is their tournaments are incredibly top heavy with their payouts. While there may not be many chances to turn $3 into $10,000, you still need to beat 44k entries.
Let’s say you decided play ten teams and your total cost is $30 dollars. Well to break even you need one of your teams to place in the top 300 (of 44,000 entrants) and any other team that cashes is pure profit.
The odds of getting 300th place means you have to finish in the top .0068% of the field.
Top 8910 (roughly 20%) get paid so if you were to make ten teams hopefully one to three of them cash. But the minimum cash is just double your entry ($6) and it slowly goes up the better you finish.
If you are playing for fun and hope to one day hit it big, then by all means this is a great way to go about playing DFS.
But if you really want to make a profit, this may not be the best strategy. To put things into perspective, you can play a triple up that pays a little less than a third of the field (30% of the field wins in triple ups) and win $9 or you can place in the top 5.7% of the MoonShot and get the same payout.
The other issue I have with playing the MoonShot on Draftkings is the multi-entries some of the players use. There are plenty of rumors flying around about a certain player using automated scripts to enter all his lineups.
Meaning he has a computer program that makes his teams for him. He always enters MAX (pun intended if you know who I’m talking about) entries and each team is different. Now this is pretty hard to do in a day, and yet he does it almost every day. Also, what are the odds that one of your ten teams will beat all of his 200-500 teams?
The one thing you need to remember when it comes to these big tournaments is they are marketing fodder more than anything.
People don’t want to see that they can turn $5 into $10.
The general public is more interested in seeing that they can turn $27 into a Million or $3 into $10,000. While these tournaments can be fun to dabble in time and time again, this isn’t the way to approach DFS when it comes to making money.
I highly encourage you to read “The Single Most Overlooked Way To Build Up Your Bankroll on a Tight Budget Playing DraftKings“.
Winning tickets to the $27 tournaments is a completely different game. Or if you can grind out the quarter games and win some $3 tickets that is the way to go.
If you are playing $30 worth of entries but only spending five dollars on them, then you will have a great ROI by making multiple minimum cashes.
It’s a Grind, but making money isn’t as easy as these sites advertise it is.
If you really want to increase your bankroll and are willing to grind it out day in and day out, I would suggest playing cash games.
You don’t have the upside of the big tournaments, but you have the odds in your favor. If you play ten teams and only one cashes and gets 100th place, you basically doubled your money (if you want to think of it like that).
Sure maybe one or two of your other teams might cash in a tournament but you are doing little better than doubling your entry fee for the tournament. Your team that finished 100th beat 43,900 other entries which is not an easy task to perform.
You can’t count on placing in the top 100 every other night!
But if you are good enough, you CAN place in the top half more than every other night and profit in Cash Games.
Unless you are winning your seats in Q’s and playing a lot more than you paid for your seats, then just playing GPP’s isn’t going to be a successful strategy. You will end up losing sooner than later.
Cash games are the backbone of DFS and you should set your foundation with cash games while just playing GPP’s on the side.
I would say play about 10-15% of your daily bankroll in GPP’s while focusing the other 85-90% on cash.
But again, if you are just a casual player why not go big or go home!