This week is the NASCAR All-Star Race at Bristol Speedway. These dashboards combine prices from daily fantasy games, Salaries on DraftKings and FanDuel, and the betting market (odds of victory) from mybookie.com. The odds of victory are transformed into win probabilities to make comparisons to the prices of drivers available on the two big daily fantasy sites.
The first dashboard plots FanDuel Salary on the horizontal axis and DraftKings Salary on the vertical axis. The probability of winning the race, based on betting market odds from mybookie.com, are shown in terms of the size of the circles. The corresponding odds are noted with the driver name. Compared to the linear trend line, this chart illustrates which drivers are relatively more/less expensive on which daily fantasy site. Relatively more expensive drivers on DraftKings include Jimmy Johnson, Ryan Newman, Joey Logano, and Chase Elliot (in addition to Hamlin and Harvick). FanDuel has relatively higher prices on Alex Bowman, Erik Jones, Cole Custer, Ryan Blaney, Martin Truex Jr., Brad Keselowski,
and Kyle Busch.
The second dashboard has two charts, each isolating the probability of winning the race versus salaries on each daily fantasy website. The probability of winning the race is on the horizontal axis and the respective salary for each game is on the vertical axis. A simple logarithmic trend is plotted to illustrate the relationship in both cases. According to the betting market odds, Martin Truex Jr., Ryan Blaney, Kurt Busch, and Cole Custer offer value on both sites. Alex Bowman appears as low-salary value option on DraftKings, while Chase Elliott is considerably less expensive on FanDuel than on DraftKings. Other low-salary options with potential value on FanDuel are Matt Kenseth and Jimmy Johnson.
It is my hope that these charts provide some insights into your daily fantasy lineup building and add to the fun for this weekend’s race.
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