Why I Switched to FantasyDraft No-Rake System and Preseason Freeroll
Yippee! The NFL season is right around the corner!! I’m looking forward to providing Daily Fantasy Sports (DFS) analysis as the Lead NFL DFS writer for IroniqMedia for the third straight year. This season will have a new look. For the previous two years, I’ve written my articles centered on FanDuel. For 2019, I’m switching to FantasyDraft because their new No-Rake system is just flat out better for DFS players.
Rake is the portion the house keeps from the betters and is how casinos and sportsbooks make money from gamblers. In popular DFS sites like FanDuel and DraftKings, the rake has increased in recent years, meaning those sites have kept more money for themselves and paid less back to players.
The increase in rake on FanDuel was blatantly evident in the middle of the NFL season last year when they started charging 11% more to enter a tournament that had the same minimum cash payout. A GPP (guaranteed prize pool) tournament that previously cost $5.00 to play and had a minimum payout of $10, all of the sudden cost $5.55 with the same minimum payout.
That extra $0.55 may not seem like much if you win first place and the top prize. Even for a knowledgeable regular player, those first-place finishes in big GPP tournaments are seldom. Far more frequently if you cash on a $5.00 entry, the payout is in the $10-$12 range. With minimum payouts, that extra $0.55 quickly adds up, and your account dwindles even if you are reasonably consistent with putting together quality lineups that finish in the to 20% to earn a cash prize.
For the exception of FantasyDraft, the rake is also present in CASH games where the object to beat half the field in a tournament to double your money. A FanDuel promotes a CASH game as a 50/50, but in reality, it is a 45/55. The bottom 45 in a tournament pay their entry fee to 45 winners, and the ten other losers pay their entry fee to the house (FanDuel).
That $50 collected by the house is the rake. That means the player can only win $10 on a FanDuel 50/50 (45/55) and the house keeps $50 no matter if you win or lose.
The DFS industry and players rightfully assert that DFS is a game of skill and not gambling because winning is more determined by knowledge of statistical matchups than random chance.
If DFS isn’t gambling, then why pay the same rake as gamblers?
Why not have a club where DFS players can come to play and use their skills to compete, and all the money collected for tournaments gets paid back to players?
A club style is what FantasyDraft has created with its new No-Rake system. Instead of collecting a rake on each tournament, FantasyDraft charges a small 3% deposit fee. DFS players can then play up to $100 a month in No-Rake tournaments fees. For those players who wish to play more, there are tiered priced monthly memberships based on expected play. Starting at $5.99 month, players can enter tournaments that cost in total $1,000 or less.
FantasyDraft approximates your rake savings in your account. For my first $60 of play, they estimate that I saved $7.80. The savings in rake, however, is not a tangible thing like a rebate added back into your account. No-Rake equals more minimum cash wins that you would not have had in a narrower payout range on another site, and in general higher payouts based on where you finished.
No matter which site you play, if you play frequently, there are going to be tournaments where you BUBBLE OUT of winning. To BUBBLE means you came just a few points our places away from minimum cash. The difference with FantasyDraft is tournaments that you would be narrowly on the outside of the bubble looking in on FanDuel or DraftKings are now most likely minimum wins on FantasyDraft.
One real-world example of how the No-Rake system benefited me is I recently played a small $500 MLB Blast tournament with 100 entrants for a cost of $5.00. In a typical FanDuel GPP tournament, the top 20% are paid out and remember the minimum payout no longer double the entree fee for most tournaments.
If you reach the top 20% in this tournament, you made back at least 150% of your money starting a $12.50 win. However, if you were in the top 21-25%, you still doubled your money while in a FanDuel tournament that typically only pays the top 20%, you would not win anything.
In this particular tournament, my lineup didn’t collectively perform well. Three of the players scored zero points. Remarkably, I still ended up in a five-way tie for 24th and 25th place. The five of us split the $20 in prizes and got back $4.00 each. While I still lost a $1 on the tournament, $4.00 went back into my account because of the expanded pay field in the No-Rake system. In short, I kept part of the rake that would not have an opportunity of getting back if I were playing on FanDuel.
What No-Rake means for the player in real terms is that they win more often and frequently a win means a higher payout. That’s why this NFL season, I’m playing on FantasyDraft and writing my articles based on their system.
Our weekly NFL DFS Main Slate article is usually published late Friday or early Saturday. The timing of publication is often determined by the amount late-breaking news on Friday with regards the probability of individual players being available to play on Sunday and how that availability affects our lineup build.
Like FantsyDraft, we don’t charge a rake. Our articles are free. We want you to visit IroniqMedia often, and interact with our site.
The significant difference on FantasyDraft as opposed to FanDuel for NFL play is there only two WR spots on FantastyDraft with two Flex spots. FanDuel has three WRs and one Flex. For most lineup up builds on FantasyDraft we will likely use both Flex spots on RBs.
Our typical FantasyDraft lineup build will look like this: QB/WR/WR/TE/RB/RB/RB/RB/Team Defense.
If you are used to FanDuel player pricing and their $60,000 cap, it will take time to get used to the FantasyDraft prices, which are elevated and have $1000,000. Typically a good play on FanDuel is a player can earn you 2x return. A player that cost $6,000 should make at least 12 fantasy points. That same player on FantasyDraft may cost $8,000, and a good return would be 1.5X.
With proper research, you can perform better than 1.5X. For Week 1 on FantasyDraft, we are already building lineups where we see the realistic potential for every player to score 2X or higher.
You can play FantasyDraft tonight for free with their NFL $20,0000 Hooters Kickoff Freeroll. Players are allowed to enter up to 10 free lineups for tonight preseason finally. The top 750 finishers win a $20 ticket into the Week 1 NFL – $1,000,000 NFL Kickoff contest where the top prize is $100,000. Those that finish from a 751-1,250th place in tonight’s freeroll win a $4.00 ticket for Week 1 and 1,251-4,250 win a $1.00 ticket.
If you play tonight, be sure to max out your chance of winning by entering all ten lineups. Players are all priced the same, so you can play whoever you want. However, remember that starters will see little to no playing time tonight. Your best chance of winning is to select players that have performed well so far this preseason but are not names that have already established themselves as NFL regular players.
Here is a look at a few of the lineups I will be playing tonight. Feel free to use these players, please mix it up a bit from what I have.