How To Collect Winnings From Draftkings

How To Collect Winnings From Draftkings 5,7/10 315 votes

The two options to withdraw from DraftKings are via check or paypal. In my opinion paypal is the best option, as it takes less time to receive funds. If your a US citizen you’ll likely need to sign a W-9 tax. DraftKings Casino 101. You spin the wheel once, or a few times and then collect your winnings. Dice Rolling Board Game. Instead of spinning reels, you'll now be spinning a dice. On the screen will be a layout much like a board game. The objective of the game will be.

Now that you’ve learned How To Win On FanDuel, let’s turn our attention to a new (ish) daily gaming start-up based in Boston, DraftKings.com. DraftKings is relatively new to the daily fantasy sports scene, but they’ve made a lot of headway since they started the site less than a year ago and have some of the best contests and promotions out there. I actually had the pleasure of meeting with DraftKings’ founders last spring and was impressed how in-tune they were with the mind of a daily fantasy sports gamer (but more on that below).

We covered a lot of “how to win at daily fantasy sports” basics in the “How to Win On FanDuel” piece, so make sure don’t purge your memory of those lessons – they’re still very valid on almost any daily fantasy sports site. Now that you’ve got those tips etched into your memory banks, let’s take a deeper dive into some more tenants of daily fantasy sports that include some site-specific tips on how to win on DraftKings.


Know Your Scoring:

Much like season-long fantasy sports leagues, daily fantasy sports sites have different types of scoring that others. If you play on various daily fantasy sports sites, you’ll quickly come to realize that the same player might give you a very different score depending on the site you’re playing on. If you’re playing daily football, some sites give a point for a reception, and some don’t. If you’re playing daily baseball, some sites give more importance to pitchers than other. I mentioned earlier that I had the pleasure of meeting the owners of DraftKings. I didn’t mention that to name-drop, however. I was trying to illustrate a point.

One of the first things one of the owners told me is that they wanted to differentiate themselves from other daily fantasy sites (in terms of baseball) by placing more importance on hitters. Whether you win or lose at baseball on some daily fantasy sites largely depends on which pitcher you choose. On DraftKings, however, you are rewarded for choosing the days best hitters. The lesson here is that on any daily fantasy site (and in this case DraftKings), it’s incredibly important to know how players are scored. Take a few minutes to read the scoring system on any daily fantasy site you play on, and I promise that you’ll be rewarded handsomely.

Watch the schedule:

Another key to winning on DraftKings (and really any daily fantasy site) is playing on the right days. In baseball, Mondays and Thursdays are typically light on games played. In basketball, Tuesdays and Thursdays are usually the days on which less games are played. Why does this matter for this article? Well, on days where there are less games, doing more research on players doesn’t matter as much because there’s a smaller pool of players to choose from. If there are only two games played on a day, you and your opponent are very likely to have a lot of the same players and your matchup might be decided by one or two players you choose.

I’d highly advocate avoiding temptation to play every day and solely focus on the days where there are more games. This will increase your chance of differentiating your lineup from your opponent and give you a better chance to choose the right players through your research.

Value Plays:

Most “newbies” on DraftKings will try to stock their lineup with as many good players as possible (and there’s nothing wrong with that), but the more experienced players will quickly learn to find the best bargain-basement plays so that they can save some salary cap for the right stars. For instance, if you find out that a reserve shortstop who mashes lefties is getting a start against a lefty starter, you might want to give that player a shot at a cheap salary so that you can save the rest of your money to fill your roster with the high salary players that you want.

This strategy is very similar to the “stars and scrubs” strategy that a lot of expert gamers use in season-long auction leagues, and it is also a strategy that will pay dividends for you on daily fantasy sites.

How To Collect Winnings From Draftkings

I hope you’ve come out of this article feeling armed with some good techniques on how to win on daily fantasy sites and on DraftKings in particular. If you keep following these rules (along with the ones I wrote for How To Win On FanDuel), you’ll be well on your way to increasing your bankroll each and every night that you play. Good luck!


CLAIM YOUR FREE $600 BONUS AT DRAFTKINGS!

Written exclusively for BetVega.com by Nick Raducanu. Nick is the mystery man behind the TraderX persona at www.FantasyTrade411.com and you can also follow him and ask him for advice on Twitter: @FantasyTrade411

Are you looking to win more money with your DFS lineups? Below I’ve listed 10 DFS NFL strategies and tips for GPP tournaments. This DraftKings NFL strategy guide was created with DraftKings in mind, but most of the strategies work for other sites as well.

In addition to DFS sites, we also have a number of online sportsbooks you can check out that offer real money sports betting just like DraftKings. You can see those sports betting sites here.

#1 – Learn The Scoring System

You probably have a general idea of how fantasy scoring works, but every daily fantasy site will have different scoring in place. At DraftKings players are given a full point per each catch or reception. This is known as a 1 PPR league.

This means you want to look at stats such as targets and receptions when choosing your players. A receiver who catches 2 catches for 100 yards isn’t as valuable as a receiver who catches 10 catches for 100 yards.

You should also take this into consideration when choosing Running Backs, as a back who catches a lot of passed can be very valuable.

#2 – Flex Position Should be a Receiver

In most weeks picking an extra wide receiver at the Flex position will be the best choice, as they have bigger upsides overall than Tight Ends or Running Backs. I wouldn’t be against an elite catching TE like Jimmy Graham or Rob Gronkowski though.

#3 – Use “Late Swap” To Your Advantage

DraftKings allows you to swap out players right up until their kickoff, while other sites will lock roster at the first game. I think late swap is a great option because a lot of times, across all sports, players will be game time decisions – and nothing sucks more than rostering an injured player.

The first way to utilize late swap is to make sure you’re putting the player with the latest start time in your flex position, that way if you have to swap that player out you can swap him with any of the skill positions. For example, lets say you have Antonio Brown in your lineup and he’s playing in the Monday Night game. Put him in your flex position, so that if say he came down with the flu Monday morning you would be able to choose a WR, RB or TE in that Monday Night game to take his spot, instead of being forced to pick a WR.

The second way to utilize late swaps in DraftKings in a strategy is to change the player based on how you’re doing in the DraftKings contest. Lets say that you are far out of the money in a contest but you have a Monday Night player in your lineup. If you think they are going to be highly owned and you won’t be able to make up enough ground even if he does have a productive night, you could try swapping him out for a player that will have very low ownership hoping for a breakout performance from that player.

It works the other way too. Lets you are safely in the money and don’t think you have an opportunity to move up big time. One player in your lineup is playing Monday Night that you chose as a “risky”, contrarian pick. You could swap that player out for a more consistent fantasy scorer to hopefully get the cash and move onto the next one.

#4 – Correlated Plays

You are almost always going to want to match your QBs with one of their targets because there is a correlation between the points your QB will get and the points their receivers will get. If you get a big game out of your QB it is likely that your receiver will also have a good game. You are increasing risk doing this a bit, but the upside is definitely worth it for GPP tournaments.

#5 – Use Vegas Lines

Vegas bookmakers and the sharp bettors that move the lines know what they are doing and you should always be looking into their totals, team total and even spreads when doing your weekly research.

If one team has a team total of 27.5 points set for a week, there is a good chance that the players on that team are going to score more fantasy points than a team with a team total of 14.5. Of course, pricing at DraftKings will reflect that, but you should always be paying attention to the lines.

Not only opening lines but also line movement. There has been a correlation between line movement and expected fantasy points. If a team total moves from 23.5 to 25 on a Sunday morning, you may get some value from players on that team. Or if you’re debating between two defenses and one of their opponents team total moves down a point, you can use that as your deciding factor.

How To Collect Winnings From Draftkings Fantasy Football

#6 – Look Into The Defensive Schemes They Are Facing

I read an interesting article over at FantasyLabs that shows how QBs and WRs beat their expected fantasy points vs 3-4 defenses, while RBs beat their expected points vs 4-3 defenses. You can take it a step further and watch how certain offenses fare against the different defensive fronts and factor that into your plays as well. This is an advanced strategy, but something I will be looking at this year for sure.

#7 – Low Ownership Players?

One popular topic with big tournaments is the strategy of picking players that are going to have a low ownership. This makes sense because the lower the ownership of each player in your lineup, the more people you have an advantage over if that player performs well.

With that said it isn’t a great strategy to just compile your lineup with a bunch of players you think will have low ownership – you are still trying to put together a team that will get you the most points.

An interesting article I found at FantasyLabs took a look at the NFL Millionaire contest winners from last year at DraftKings and the ownership percentages of their lineups. The table showed that most of the Millionaire winners had at least a few players in their lineup that were highly owned, and a majority of them had at least two players that were 20%+ owned. Having low ownership players in your lineup can be good, but don’t do it just because you’ve heard of that strategy. Sometimes there is obvious value out there, and even if the player is going to be highly owned you still should have him in your lineup.

#8 – Players With Decreased Salary Costs Can Be Valuable

Draftkings

Sometimes DraftKings will drop the price of an NFL player who isn’t playing well, and a lot of the time that can add value to that player – as long as that players role hasn’t diminished.

For example, let’s say that Matt Forte has had a three games in a row where his catches are down, he hasn’t been rushing for too many yards and he hasn’t gotten into the endzone. DraftKings drops his salary from $7,800 to $7,200 for the next week. At that price he might now have quite a bit of value, as long as those three games we just an anomaly.

#9 – Don’t Be Afraid To Take Elite Players vs Good Defenses

Elite players often shine vs any defense, even the best in the game. Taking an elite player vs a really good defense can be a good way to find an elite player with a lot of upside potential with low ownership.

Taxes

How Do You Collect Winnings From Draftkings

#10 – Use DFS Tools To Your Advantage

With DFS continuing to grow there are a lot of great tools out there to help you put together an optimal line up and find solid value players.

List

Draftkings Winning Lineups Nfl

Sports Betting Sites To Consider

If you’re interested in getting started with sports betting, here is a list of sites that you can deposit real money with right now:

How To Report Draftkings Winnings

If you found these DFS NFL Strategies helpful feel free to share the article with your sports betting friends. Good luck with your contests!