Indianapolis Motor Speedway is the home of the Big Machine Hand Sanitizer 400 this week at 4:00 PM EST on Sunday. 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. Looking at the favorites for the race, we see that Denny Hamlin is relatively less expensive on DraftKings, as is Joey Logano. In the opposite direction, Chase Elliott is relatively less expensive to put on your roster on FanDuel.
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. Interesting cases here are Logano and Keselowski, both with the same betting market odds to win the race, being in the opposite scenarios between the two daily fantasy sites with Logano less expensive than Keselowski on DraftKings and Keselowski being less expensive than Logano on FanDuel. Chase Elliott and Ryan Blaney are in a similar situation in terms of their prices on the sites, given their equal betting market odds.
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.
To receive updates, go to www.seesports.net.
-Rodney
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