In a fantasy world where daily fantasy sports (DFS) games are becoming more and more popular due to the instant gratification and large cash prizes that they can provide, it was only a matter of time before one of the big names of the season long fantasy sports world began to offer the daily games that sites such as FanDuel and DraftKings have popularized over the last few years. On Wednesday, Yahoo! launched their version of daily fantasy sports offerings beginning with MLB contests.
Yahoo! provided an update to their fantasy sports application that now provides dual access to both the season long leagues and the daily fantasy contests. With one click on the screen, it’s easy to switch on over from one to the other. Overall, the app could use some work in comparison to DraftKings great piece of work, but I’m sure that it will evolve in time.
It would appear that Yahoo! has made their DFS platform for MLB a bit of a hybrid between FanDuel and DraftKings. The scoring system overall is much more similar to that of FanDuel in the sense that the wins for pitchers are a big thing. For an example, a win on Yahoo! is worth four times the amount of a pitcher strikeout. On DraftKings, a pitcher win is only worth two times the amount of a pitcher strikeout. However, the scoring system on Yahoo! takes a page out of DraftKings’ book by not having any point penalties to hitters for strikeouts. And as far as lineup configuration goes on Yahoo!, you must select two pitchers just like on DraftKings, as opposed to only one pitcher like on FanDuel.
Right now, it should pay off in the short term to play DFS guaranteed prize pool tournaments on Yahoo! There’s going to be some extreme overlay in the early going due to things just starting out. Overlay is created in GPP’s when the total numbers of entrants multiplied by the entry fee does not equal or exceed the amount that is listed as the “guaranteed” dollar amount to be paid out.
For instance, on Wednesday there was a tournament on Yahoo! that offered a guaranteed $10,000 in prizes and it was a $2 entry. So there had to be at least 5,000 entrants ($10,000 divided by $2) to ensure that Yahoo! did not have to add money of its own to the guaranteed prize pool of $10,000. But in this particular tournament there were only 3,163 entries at $2 a piece for a total of $6,326, which meant that Yahoo! had to contribute $3,674 of their own money to equal $10,000. And before the tournament, it was already established that the top 20% of the maximum amount of 5,682 entries would be paid out. 20% of 5,682 is 1,420. But with only 3,163 total entries, that meant that the top 45% (1,420 divided by 3,163) of the entries would cash in the tournament, and with the chance to win the top prize of $2,000. So a situation like this provides a lot of value and should be taken advantage of by submitting multiple entries — it gives the ability to win more money with less competition.
So I would recommend giving the Yahoo! DFS games a look, especially in the early going to try and grab some value with the overlay situation. Also, the competition might be softer since the Yahoo! DFS games should attract a lot of the season long players that Yahoo! has — players who may not have ever played DFS before. Now let’s take a look at Wednesday’s slate of baseball action.