The Geico 500 is this weekend’s NASCAR race. 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. Among the betting market co-favorites for the race, notice Denny Hamlin is at a discount on DraftKings, while Brad Keselowski is relatively less expensive on FanDuel. For two drivers each at +2200 on the betting market, Clint Bowyer and Aric Almirola, there are vast differences this week in salaries for these two drivers on the major daily fantasy sites.
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. On the DraftKings chart (top), we see Denny Hamlin as the least expensive option of the favorites, Kyle Busch is the least expensive among the group tied for 2nd-favorites, and some apparent values at relative longshots in Almirola, Dillon, Buescher, and Nemechek. On the FanDuel chart (bottom), Brad Keselowski and Kevin Harvick are the lowest salaried drivers among the groups of favorites and 2nd favorites and some value (according to the betting market projections) appears to be had for drivers such as Tyler Reddick, Bubba Wallace, and Michael McDowell.
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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