Tuesday, February 21, 2017

How To Analyze Your Fantasy Sports Results To Optimize Contest Types Played

Week 7 has come and gone. Last week, I took a pretty big loss. Would I be able to bounce back this week?

Tuesday February 14th to Monday February 20th

On Tuesday, I started off with a loss. Wednesday I had a gain. Thursday, I had another loss. I didn't play on Friday. Saturday, I finished with a gain. Sunday it all went downhill with another big loss. I didn't play Monday so that finished the week off with another loss!

Here are my results for week 7:

NBA Week Results = -22.31% ROI
MMA Week Results = -89.05% ROI
NHL Week Results = 0.00% ROI

Total Week ROI = -42.33% ROI
February ROI = -36.11% ROI
2017 ROI = -23.37% ROI
Lifetime ROI = 7.45% ROI

Today I want to talk about how to analyze your fantasy sports results to optimize contest types played. When playing fantasy sports there are a wide variety of different contest that you can play. The first group is separated by the actual sport itself. Here are some of the sports you can play on DraftKings:
  • NBA - Basketball
  • MLB - Baseball
  • GOLF - PGA Golf
  • NHL - Hockey
  • NAS - Nascar
  • MMA - UFC Mixed Martial Arts
  • SOC - Soccer
  • LOL - League Of Legends (E-Sports)
Then for each sport you have a wide variety of different contest types such as:
  • Head to Head
  • 50/50
  • Double Up
  • Triple Up
  • Leagues
  • Guaranteed Prize Pool Tournaments
  • Satellites & Qualifiers
Each sport that you play you perform different as a player. For instance, my best sport is fantasy basketball. Each contest type that you play you perform different as a player. For instance, my best contest type is guaranteed prize pool tournaments.

However, if you look at different sports your best contest type may be different. For instance, even though overall guaranteed prize pool tournaments are my best contest type in NFL and MMA Triple Ups are actually my best contest type. In MLB Head to Head games are my best contest type.

If you want to have long term success in fantasy sports it is important that you track your results by sport and contest type. By knowing what sports and contests you are most successful at you will be able to maximize your capital to produce the maximum return on investment in fantasy sports.

There are several ways you can track this.

If you are old school you can track it by hand in a notebook. You create a ledger where you list your available balance. Then you write each contest type, the entry fee and your winnings.

If you are a little more technology savvy you can use a spreadsheet program like Microsoft Excel, Apple Numbers or Google Sheets. Store each of your contests in a spreadsheet and create formulas to calculate how you are performing in each contest type.

There are also a number of tools that will help you calculate your results online. I personally use a tool called DFS Analyer. By exporting my contests from DraftKings and importing them into this tool I can get my results broken down by sport and contest type automatically!

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