• DraftKings is one of the most popular brands for daily fantasy sports in the United States. In 2018, it launched a full and complete real money online sportsbook in New Jersey. It later expanded.
• Reviewing the first legal sports betting app in NJ.
• Basically all sportsbooks accept teaser sports betting action these days, so most of them are going to be pretty standard. Same Game Parlay and the ability to parlay player props and futures will be different from book to book. Teasers are pretty much what they are across the industry.

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European sports betting companyKambi has unveiled a new twist on parlays. The company is distributing the Teaser+ for immediate integration into online platforms like DraftKings Sportsbook and SugarHouse ahead of the NFL season in the U.S.

What even is a teaser?

For sports bettors new to the game, this announcement probably sounded like some kind of industry jargon. However, Teaser+ may end up becoming a close friend of many.

For those who are unsure, a teaser is a type of parlay bet. In a parlay, the bettor makes a single wager on a combination of events.

In order to win, the bettor must guess correctly on every single leg of the bet – for example, every team he or she bets must cover or beat the point spread. Obviously, making multiple correct picks is more difficult, and parlays come with higher payouts because of their increased risks.

Enter the teaser. A teaser allows the bettor to receive an adjustment on each game’s point spread in his or her favor. In return, the player receives a reduced payout amount.

Essentially, teasers appeal to sports bettors who are generally too risk-averse to attempt a parlay wager. A teaser is a way to hedge against the difficulty of pulling off a successful parlay.

Okay, so what is a Teaser+, then?

Custom teaser rates

The problem with the traditional teaser is that the line adjustment is applied uniformly across all legs of the parlay. However, not all games and matchups are created equal, and the adjustments end up being too much or not enough.

Teaser+ solves that problem. Instead of using blanket odds tables, Kambi uses alternative lines generated in-house that takes the team selections, match factors, and other variables into account.

The result is a group of teaser rates that are more precise for each wager. According to the press release, Teaser+ rates almost always result in a more generous adjustment than traditional teaser rates.

Pushes are no longer a problem

Another issue that bettors face in traditional parlays and teasers is when the teams push on the spread. Typically, since a push is decidedly not a win, the parlay drops that leg of the bet and pays (or doesn’t) with the reduced odds of a lower-tiered parlay.

Teaser+ basically breaks down parlays into individual bets. Because of that, the Teaser+ can treat ties like pushes and keep the teaser alive for its remaining legs.

This flexibility even works in a two-team bet. Teaser+ would simply push one game and pay the other as a single game wager.

“Kambi’s Teaser+ has the potential to fundamentally change how both operators and bettors consider teaser bets,” said Kambi CEO Kristian Nylen, in a press release. “Our modern approach (is) a step away from the current one-size-fits-all system (and) deliver(s) a fairer and more advantageous price to the player.”

Kambi continues to lead in sports betting innovation

Teaser+ is already live at the two Kambi-powered sportsbooks in New Jersey: DraftKings Sportsbook and PlaySugarHouse.

Both DraftKings and PlaySugarHouse are already operating another Kambi product, Cash Out. Cash Out is a groundbreaking live ticket system that allows players to receive payouts on open tickets at any time during the match.

Players can even cash out after preliminary legs of a parlay. Essentially, every wager on DraftKings or PlaySugarHouse is now an in-game bet.

The payoff amount adjusts according to how the match or matches are proceeding, and obviously, players pay a premium for the reduction of risk. Still, the Cash Out system is nothing short of revolutionary, since players can hedge against last-second losses or the weakest leg of a parlay.

Teaser+ is not quite that much of a paradigm shift. However, players who were considering dipping their toes into the world of parlays should welcome the addition.

The result of Kambi’s innovation is a more intuitive and customized teaser system. Ultimately, it’s a win for both sportsbook and player.

DraftKings continues to be one of the hottest daily fantasy sites. Even though it’s slightly smaller in overall size than FanDuel, it’s the site of choice for tens of thousands of fantasy sports fans.

Having said that, it doesn’t matter how popular DraftKings is if you’re unable to win. Whether you’re playing fantasy football, baseball, soccer or golf, it’s the chance to win cash prizes that keeps you playing.

How do you win over the long run? It’s a matter of doing solid research, knowing how to draft good talent, watching your competitors’ lineups and managing your bankroll. It’s more complex than it sounds. Entire books can be written on each of those steps.

For example, bankroll management entails more than just knowing how much money you have in play. It also takes into account how to get through losing streaks, splitting your roll between low-stakes and high-stakes contests, and, of course, paying taxes on your winnings.

I’ll boil down the most important points in this two-part series.

Updated for 2019-2020 NFL season

A Crash course on Winning at DraftKings

The current landing page at DraftKings. Cannot help but notice that you’ll get a free entry with your first deposit!

Since NFL is the hottest fantasy sport by far, I’ll use examples from football. But don’t let that throw you. The 10 points we’ll cover below and in an upcoming post apply whether you’re playing daily fantasy baseball, golf, hockey, basketball or any other sport.

Let’s get on with the first key…

1. Adjust Your Draft Strategy By Contest Format – Cash Game or Tourney

That advice might seem trite. But contest format plays a huge role in how you draft talent. Your priorities will change with the size of the contest and its payout structure.

We’ve talked about this in the past, mostly as it pertains to guaranteed prize pool (GPP) tournaments and 50/50s (cash games). Here’s the gist:

Cash game line-up’s vs GPP Tourney line-ups.

If you’re playing in a large-field tournament, the payout structure is going to be top-heavy. Approximately 10-15% of the field will end up in a cash position, and most of the money will go to the top 10 players. That being the case, you need to take risks to land in a cash position. You need to draft guys who might have a breakout night.

If you’re playing in a 50/50, the payout structure will be flatter. Half of the entrants get paid, and everyone gets paid the same amount. You don’t need to take as many risks because you’re not trying to land in the top 10 of the field. You just need to end up in the 50th percentile.

Here’s one way to think about the draft – the flatter the payout structure, the more guaranteed points you want to log. That includes 50/50s and head-to-heads. The more top-heavy the payout structure, the more breakout performances you need if you hope to cash.

2. Tread Carefully When Drafting Sleepers

Everyone dreams of picking a sleeper who breaks out and has a huge night. The team owner not only cashes, but ends up looking like a fantasy sports master. When it works, it almost seems like magic.

The problem is, most fantasy players find that picking sleepers rarely works to their advantages. They pick speculative talent, hoping for a miracle. But when the dust clears, they find their sleepers still sleeping.

It’s not that picking sleepers is a bad fantasy play. It can work stupendously well if you know what you’re doing.

That’s the key: being selective.

Remember, a low salary doesn’t imply hidden talent. More often than not, it means the player isn’t expected to turn in a major performance that week.

Drafting sleepers can be a great tactic in building a winning roster. But picking players who break out takes research and a fair amount of luck. It’s not just throwing darts at a board. Listen to the talking heads each week but remember that so are thousands of others. Find those guys who aren’t being talked about so much but who look like they might end up with quality playing time due to an injury or opponent or other myriad of factors.

3. Check The Latest Injury Report

This should go without saying. But every day, fantasy players at DraftKings clearly forget to check the injury report before constructing their lineups. When game time arrives, they’re stuck with players who end up missing their games.

For example, according to the latest NFL injury report (at the time of writing), the Falcons’ Jeremy Langford is out with an “undisclosed injury”. Is he going to make their first season game against the New York Jets? Who knows? He’s currently listed as “Questionable”. If he ends up missing training camp or some games, you don’t want him on your roster.

The same goes for Jaelon Acklin, wide receiver for the Baltimore Ravens. He’s also dealing with an undisclosed injury and may miss training camp and/or some games. Will he play that first week against the Jaguars? At this point, it’s anybody’s guess. His status is also listed as “Questionable”.

The point is that you should always check the most recent injury report to make sure your lineup is filled with guys who are going to show up. The last thing you want to do is waste your salary cap on players who will add zero points to your score and your chances to win.

4. Learn How To Work DraftKings’ Bonus Points

The scoring system at DraftKings includes a few bonus items that a lot of team owners neglect. If your players hit certain numbers, you’ll earn extra points!

Take a look at the DraftKings’ scoring system for weekly fantasy football. Hidden in the numbers is a 3-point bonus if your QB passes at least 300 yards. You’ll also receive a 3-point bump for logging at least 100 rushing yards. And you’ll receive another 3-point bump for logging 100+ receiving yards.

You want players who can turn in those numbers.

QB Bonus Points
In the QB slot, that means keeping an eye on Ben Roethlisberger, Patrick Mahomes and Matt Ryan for starters heading into the season. They were the head honchos for QBs last year, will they do it again?

Your receivers can bring you a lot of bonus points. You have 3 WR slots to fill at DraftKings, and each one can potentially earn you 3 points by receiving 100+ yards. Julio Jones, DeAndre Hopkins, Mike Evans and Tyreek Hill,lead the pack last season. Each one turned in an average of 100+ yards per game. Again with these gentlemen, will they be able to do it again?

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The rushing bonus at DraftKings is tougher to earn. There are two reasons. First, you only have two running back slots to fill at DraftKings. There isn’t as much opportunity in your roster as you have with your three receivers.

Second, there aren’t a lot of RBs who maintain an average of 100+ rushing yards per game (current group).

Bottom line: the bonus points at DraftKings can come in handy, especially when you’re trying to squeak past other team owners in a small league or 50/50. But don’t rely on them. They’re tough to earn.

5. Establish Your Bankroll Metrics

As I mentioned earlier, bankroll management in daily fantasy sports involves more than just keeping track of how much cash you have at risk. You need to start with a plan that gives you control over your daily and weekly spend. Then, you need to figure out how many bets you should have in play at one time.

The most reliable way to do that is to come up with a formula that reflects your results. As you win more contests, your optimal number of bets will change.

Here are a few guidelines I recommend if you’re just getting started in fantasy sports.

• First, limit your daily spend to 10% of your entire bankroll. If you deposit $200, don’t risk more than $20 in entry fees each day.
• Second, track your wins and losses. Make a note of the date, sport, contest format, field size, entry fee, and dollars won or lost. It doesn’t matter if you do this with a legal pad and pencil or on a spreadsheet. I prefer the latter since it allows me to sort the data. The most important thing is that you do it.
• Third, use a formula that takes your results into account to determine how much money you should risk each day (or week for fantasy football). There are several formulas you can use. A lot of veteran fantasy players use the Kelly criterion. We’ll discuss that method, as well as other bankroll management issues, in more detail in the near future.

Those are the basics when it comes to bankroll management. The key is to reach a point where you don’t have to think about how much to play. Your metrics will lay it all out for you.

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