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Week 1 Performance
I was aiming for the top prizes, so I fielded about 50+ teams (usually various combinations of core players I liked), spearheaded by 4 different quarterbacks. Unfortunately, none of the quarterbacks performed particularly well (Ryan, Cutler, Flacco, Eli). It was actually the peripheral positions that salvaged my week from being a complete loss, with tight end Jason Witten, kicker Brandon McManus, and splitting the defense between the Rams and the Titans. I ended up losing about 60% of my entries, which seemed about right.
Lessons From Week 1
1. The top heavy tournament payouts means that the cash line returns a paltry 150-160% of entry fees rather than a more standard number closer to 2x.
2. DraftKings salaries are generally softer by design. As they continue to focus on a 500k entrant "millionaire maker", the salaries have to be lower than a more properly priced game because they have to increase the number of possible combinations.
3. The toughest salaries are on Yahoo. I don't really trust Yahoo's team, so I'll attribute it to a lack of design. The salaries are priced in a similar fashion to Fanduel's, except you have to fit in an extra flex spot like on DraftKings. Tight ends were also priced much more in line with wide receivers, meaning that you pretty much have to pick at least two underdog/longshot players and have one of them hit to field a competitive team.
4. Look out for second versions of large Fanduel tournaments. Fanduel filled its $5 230k entrant contest by Thursday, and started another one. The second one ended up with only 180k entrants, so if you canceled your entries in the first contest to enter the second contest, you theoretically had a much better chance to win something.
Looking Forward to Week 2
It's a bit too early to really study players, but I do think I will switch back to playing just one team instead of a large number, focusing primarily on cash games (50/50s, double ups) and tossing in the occasional GPP ticket.
Monday Night Effect
Because salaries come out for the subsequent week's games prior to Monday night games, Monday night performances are not factored into those salary calculations. If you end up playing a cash game on DraftKings, you pretty much have to roster Carlos Hyde at $5100. On Fanduel it's a little more debateable at $7100, but he'll likely have a high ownership percentage regardless.