I am about to unravel my dark side to you guys. The little angel on one side of my shoulder normally dictates most of my life. That is until NFL season comes around. Then the little red devil on my other side of my shoulder takes over and I lose all control. Haha, okay it’s actually not that dramatic but I do have a weird obsession with fantasy football.
You see I have been doing fantasy football for 15 years now. It’s hard to imagine that fantasy football was even around that long ago but it was. And I was doing it with my buddies. There hasn’t been one year that I have not done it and I truly enjoy participating. I love watching football, I love reading NFL statistics, I love talking smack about teams and players with my buddies and I love betting!! Fantasy football is basically in my opinion legal betting. You put money in, you win or lose and can win big at times. Ever since I was young I enjoyed betting. When I was 16 years old I remember being the dealer always when my friends wanted to play black jack. The first time I went to Atlantic City, I won $800 the first night. I was hooked! Since then, I have been to Vegas 4 different times and every time I love it. Of course I always lose but it’s just so darn fun and I do have control with the amount of money I am willing to lose. I no longer go to the casino’s and the only fix I can get now is from playing fantasy football.
Which leads me to Draft Kings (DK)! I only just discovered DK late last season and I was immediately hooked. I love it so much that for the first time in 15 years, I am no longer doing regular season long fantasy football. I will be concentrating all my efforts and money that I normally use in my leagues to DK. DK is a daily fantasy sports provider that you can enter daily/weekly for most sports and compete against other players. It is set up so that you can do leagues with just one other person (one on one) or you can enter into huge tournaments with 500k people. These tourneys have HUGE payouts. First place can win up to $1 Million dollars depending on which contests you join. There are even contests you can do for just .25 cents. Yes a quarter is all you need and you can play. You see, Draft Kings is my kryptonite, my weakness! Everyone has a weakness righ? Superman has kryptonite and although I’m no superman, i’d like to think that I have superman like tendencies. 😉
It doesn’t matter to me that this is risky, that I will probably lose every last cent I put into it and that it just is not a smart financial decision to make. I know this, and I don’t care. I will enjoy every second of it. I will however be methodical about playing DK and have devised a game plan. A strategy if you will.
This will be my first full season using DK and I plan on keeping track of how much money I lose/win each week on a spreadsheet. I will treat this as a business and have very strict rules about how much money I put into it. I am willing to spend $30 per week. There are 16 weeks in the season which means that worst case scenario if I lost every penny, (which I don’t think I will by the way) I would lose a total of $480 for the whole NFL season. Not too bad considering it will keep me very entertained all season long. I have a feeling though I am going to hit big this season and actually make money this NFL season. I like to dream and have high hopes if you haven’t already noticed. 😉
My plan for now is to only enter the $3 entry contests which have a first place payout of $100k. So for $3, I have the potential of hitting big and winning 100k. This particular contest has a max entry of what appears to be 383.3K people. My odds of hitting first place are 1/383,300. It’s really not so bad odds for winning that kind of money. It is way better than the lottery. Like I said above, I will have $30 going in each week and all of it will be put into this one contest.
This means I will have 10 different lineups all going every week on this one contest. I only need one of them to hit it big or even just in the top ten. My odds of hitting 100k just went up to 10/383,300. I like those odds better plus I like to think that I have even better odds than that because I think I know my football pretty well. It’s not like you can just set any lineup and hope you hit. There is a method to the madness of selecting lineups. I may in the future post a few more articles about this explaining my madness so keep an eye out if you are interested.
One of the cool things about DraftKings is that they are still in promotional mode and are still trying to build a bigger customer base. They constantly have promotions and offer this cool deal right now to all users who use DK. If you refer a friend, you and the referred friend both get a free $20 entry into the NFL Week 1 Millionaire contest. It’s basically a free $20 and a free entry into possibly hitting the million dollar jackpot. If you are thinking about getting into DK this season, it would be a benefit to you and me to use my referral link. Any of the DraftKings links you see on this page are my referral link so feel free to check them out. Maybe you or I can win big! I’ll keep my fingers crossed.
I am crazy right?
I know this goes against my philosophies, it goes against the premise of my own blog. Cash Flow Diaries is getting tainted now because of my fantasy football habit. Ha! But I tell you what, I am going to be a happy camper if I win some money and you will be the first to know all about it. Win or lose actually! If I do happen to hit big, that money is going straight into a new rental property! 😉
What is your weakness? What is the one thing you know you shouldn’t be doing but just do it anyways?