Determining how many entries you want to buy for a guaranteed prize pools (GPPs) can make the difference between you making $100 on any given day, and $15,000. There are a few factors that you need to be aware of. If you aren’t thinking about how these play into your strategy, you aren’t ever going to reach your potential playing GPPs, which is where all of the big-boy money is at.
The number one thing to be aware of for GPPs is the overlay. If you are staring at a GPP with an overlay of 20% or more of the prize money, you need to jump on it. The only time you would ever let this opportunity go is if you have absolutely no experience in the sport you are playing. When you start making a lot of money with daily fantasy sports you will understand exactly what I am talking about.
You also need to be cognizant of what the rake is. If the rake is jacked way up, it is going to take away from the overlay benefits. If you are looking at an overlay of 25% but a rake of 10%, it suddenly doesn’t become as appealing. There are still leagues and tournaments that offer low rake and high overlay; you just have to keep an eye out for them and make sure you don’t let any of them pass you by.
Managing your bankroll effectively will determine if you are able to start cashing out hard every night. Know what you are working with and divide it up reasonably so you can stay in the game.
If you are clueless, check out the ultimate daily fantasy sports betting guide.