I was the last one. It didn’t matter what it was, my family was not well flush with the monies so I watched as my friends got the latest and greatest toys and game while I had to wait, and wait, and wait to get the same toy/game if I ever got it at all. On the holidays I wouldn’t open presents, we’d go down to the store and look at what I was going to get later, after getting it on layaway.
But don’t think I was any less thankful. Hey, I didn’t know any better and may have been better off in a lot of ways for having to live that way. But that’s not what I’m talking about here. When I finally did get that toy/game, it was almost always passe’, beyond its value already. Everyone else was onto the next so I made do with what I had.
In DFS, there is a similar, less warm and fuzzy things that happens when folks jump on the trending toy. They chase the previous performance and end up overpaying for what has already happened rather than look to see what was going to be the hot sexy item tomorrow.
Recency bias. It was the same thing I wrote about Corey Kluber last week. I relished the fact that I knew folks were going to steer clear because of his 5+ ERA and the fact that, most recently, he had burned them in games. Everything else was screaming that he was due to get his sexy back, but he was fairly low owned when we rostered him last Wednesday.
It’s not always a bad thing to jump aboard a bandwagon. Sometimes they run on pretty well. Kluber followed up last week’s told-you-so special with another beaut. And Bryce Harper’s heater has gone on long enough to be dangerous to the touch.
Still, chances are if you are paying based on yesterday, you’ll miss out on today. Look at everything, disregard yesterday. If your research says he should be good today, then do it, man, put him on the board! But if things aren’t in his favor, think twice and don’t do it just because he did well yesterday.
The same is true for bad performance. If you see that your guy should be good to go for his matchup, but his recent play looks stinky, don’t hesitate, beat the crowd to the performance and reap the rewards.
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Please, blog, may I have some more?