One of the best parts about playing at a one day fantasy sports site is that you can pick and choose exactly which days you want to play during, and you can also find the occasional short term tournament to enter, often for cheap. A cheap tournament, however, does not necessarily mean that the payouts will be small. In fact, you can often win tens of thousands of dollars in these big tourneys, sometimes for as little as $1 to enter.

These are not easy to win by any means. You will find thousands of people enter these, and if you are playing something like a multiday survivor tournament, you could be booted out just because of a single unlucky day. So luck does play a big role in these things, but that doesn’t mean you cannot increase your chances of winning by picking a proper team.

Right now, baseball is the biggest fantasy sport in the U.S. Many of the major sites will periodically have big tournaments for you to join, oftentimes advertising them weeks in advance in order to up the hype associated with them. The more people that join these, the better off the fantasy site will be, but the better off you will be, too. There will often be little loopholes that you can find, though, that you can take advantage of. Because of the Unlawful Internet Gambling Enforcement Act of 2006, fantasy sport sites need to advertise the amount of each prize before the competition begins, and they cannot change the rewards. A lot of sites will put a limit to the number of players that must enter before the tourney is official, but sometimes they do not. A big payout with fewer managers in the pool increases your odds a bit, so if you can find these, they are worth entering.

The other perk of entering a multi-day tourney on a single day site is that variance is slightly offset. That is one of the reasons why year long fantasy baseball is so popular: good players can have off days, or even weeks. In a single day league, you could conceivably pick the best player in the league, and still have them give you negative points at the end of the day because of an unexpected poor performance. Joining a tourney like this helps you offset this problem; and other managers might miss out on this fact.