Jock MKT is one of the newest fantasy sports apps on the market. It combines daily fantasy sports (DFS) with the stock market to provide a unique format for making money.
If you’ve used the app before, you’ve seen user “TRex” consistently sitting atop the leaderboard, as he’s the consensus best Jock MKT player in the world right now. We asked our free DFS Karma Discord to send questions for him, which have now been answered. Below are some of the top questions with answers from TRex himself.
Editor’s Note: Sign up for a new Jock MKT account and use the promo code “KARMA” to receive a 100% deposit bonus of up to $50.
Question: Do you have any recommendations on bankroll rules? (No more than X% on an individual player, single slate, etc.)
Answer: Personally, I don’t have any hard and fast rules on managing my bankroll. And any advice will depend on your own bankroll – if you have a smaller bankroll, I’ve always advised people to try and load up on 1-2 players rather than getting a few shares of a bunch of players. I think the upside is better when you load up if you have a smaller bankroll. But either way, I don’t think a cap on a single slate makes sense since you know the payouts, and some players have to win. If you theoretically took every player in a 24-player slate, you literally can’t lose all of them. That’s not to say you should do that because the pricing has to be right, but the point is that the risk on JockMKT isn’t the same compared to other DFS sites.
Question: How do you target players based on price point? You’ve mentioned your tiering system on the Podcast and in Discord. Are you building these tiers based on expected ROI %, expected net ROI, confidence levels, or other metrics?
Answer: I build my pricing based on historical IPOs, projections, and other data. I’ve seen people claim to work off of projected ROI but frankly, I don’t think that could work consistently. I don’t care that much about ROI – I want profit. If a guy is $15 and returns $20, that’s a 33% ROI; if another is at $1.50 and returns $4.50, that’s 200%. But those are misleading – 10 shares of the first guy netted me $50 in profit; 10 shares of the second got me only $30. Sometimes you have to risk more to win more. Turning $100 into $500 is great, but it’s not better than turning $1000 into $2000 even though the former has a better ROI. Don’t lose sight of what you’re actually trying to do here – make profits. There’s a reason the leaderboard is based on profit and not ROI.
Question: Is your pricing for players completely automated based on projections, boom/bust %, etc.?
Answer: My pricing and projections are not completely automated. I adjust up and down based on lots of subjective factors – such as narratives (revenge games, just had a baby, etc.), recency bias, and other stuff. My strategy is largely based on “reading the board” during the IPO – who is being underpriced? I’ll buy players I hate if they are underpriced – my projections and pricing give me ideas of where to target before the IPO opens. But I’ll tell you a secret – once the IPO opens, I don’t even look at my spreadsheets and data again. I’m fully focused on how the market is reacting during the IPO. The sheets and data just provide the initial guide.
Question: How would you rank your favorite sports in terms of profitability/risk on Jock MKT?
Answer: NFL is the best for me by a mile. It has way more shares and user activity, the latter of which helps in-game selling. I don’t do a ton of in-game buying and selling, but it helps to have the market if I want to sell. It’s harder to make a huge profit in other sports where share counts are so low – I can get 200-400 shares in a single NFL slate, and if I pick right, that can be huge wins. Other sports, I may only be able to get 25 to 75 shares, and that puts a ceiling on my possible gains. Of course the bigger shares leads to bigger risk if you miss, and I’ve taken my biggest losses in NFL too.
Beyond NFL, I like golf next because it also has decent share counts – its only downside is that your money is tied up for four or more days. Then I like hockey because I dominated that sport last year, especially the second half of the season and playoffs. But hockey has such a small user market that shares are quite low and profits are really capped.
Question: Who are your favorite teams/players to watch?
Answer: This might be blasphemy but I could care less about teams and players. It’s just like season long fantasy – I root for the players I have at the moment; if I trade them in season long or don’t get them in a Jock MKT slate, then I don’t care. I treat this like business.
