Betting on fantasy sports is hardly a new thing in the industry but finding the right strategy could maximise your potential of coming away with a decent wallet full of winnings. Fantasy sports now encompass far more than just soccer or NFL and can incorporate a broad range of other events such as the Commonwealth Games and even Australian Rules football games. In this piece, we’re going to be looking into the Martingale Strategy for betting and how it could be applied to fantasy sports as we know them. But how do we bet on fantasy sports, and what exactly is the Martingale strategy? Read on to find out for yourself.
How Does Betting On Fantasy Sports Work?
Betting on fantasy sports is entirely different to your normal sports betting, but is quickly growing traction amongst fantasy sports players. In fact, the concept itself is pretty much unrecognisable when compared to your traditional bookmakers’ bet and so players and bettors often find that most strategies just don’t fit into this betting method. Within DFS (daily fantasy sports), players are required to put together their own fantasy team within a set budget and compete against other players and their teams.
Players have to choose the players for their teams who they believe will perform best, but of course, the better players tend to be the most highly priced and not every player will have the funds to do this through real money. Luckily, there are free and real-money based DFS so it truly is accessible to everyone in general. However, for those using real money fantasy sports, effective bankroll management is vital to ensuring they can stay in the ‘season’ for longer. The real money versions work with players going against each other, and the winner is essentially the one who accumulates the most points over a weekly, monthly or even seasonal league table – of course, the winner will get a cash ‘prize’ as a result.
Betting on fantasy sports can seem pointless when the odds are against us, but for those with effective bankroll management and a good strategy, betting on fantasy sports could be a fun, strategic method for trying their hand at winning a progressive jackpot.
What Is The Martingale System?
The Martingale system is one of the most commonly used betting strategies across a number of different gaming types. Whether you’re sticking to sport’s betting, or drifting out into the world of online casinos, this method can be applied pretty much everywhere, but what about in DFS? First, we have to understand just what the Martingale Strategy is and how to use it.
The Martingale System requires you to have a set bankroll and ideally a fairly sizeable one, so you can not only work with the bankroll you have, but resist the temptation to go over it at any point. To start with this system, you’ll need to place a fairly low bet. For this example, we’ll bet £1. Then, once that bet has been played, the result will tell you what to do next – if you lost, you double your bet and if you win, you play the same again in the case of £1, or return to that £1 bet if you’ve been betting more.
This might seem counterproductive, but the theory is that, by playing small bets and doubling your bet after a loss, you’ll come around to a win again and end up with a profit. Of course, there are plenty of advantages and disadvantages to this betting strategy, but the question is this – how can this strategy be applied to fantasy sports?
How Could It Be Applied?
Despite the difference in betting method that comes with daily fantasy sports, the Martingale Strategy could theoretically be applied to fantasy sports with little difficulty. However, it could require a large bankroll and an even larger penchant for taking risks. With DFS, you could essentially place a bet a day on the games that you play and then double your bets upon a loss. With a £10 bet on a game, you could essentially lose over and over again, but it would require a pretty much unlimited bankroll which unfortunately takes away from the ‘effective bankroll management’ we mentioned earlier!
When it comes to DFS in particular, the limitations are particularly inherent. If you have a high skill level and find that you’re winning regularly anyway, this method could prove profitable but for those on limited bankrolls with even more limited skill level, this could prove to be much riskier with harsher losses. Not everyone will have a huge bankroll or one that they’re willing to kiss goodbye to if things go sour, so while the Martingale System can be applied, the question of whether it should is ultimately a matter of personal opinion. For those with limited budgets, this could be a risk they may not want to play, but for those with larger bankrolls and a history of DFS wins, the profits could soon be rolling in.