Bryce Maurio is making six figures and has been for a few years with his fantasy teams.
“It kind of evolved. I made a little bit of money on this and I needed to pay taxes on this couple thousand dollars I made on fantasy football. Then I made like $100,000 and I owed a lot of taxes. Then it’s like, 'Oh I made $100,000 consistently, over 200, 300, $400,000,'” explained Bryce Maurio.
Bryce is on sites like FanDuel and DraftKings, where you get a salary cap to make your roster then you pay to play. If your team gets the best stats you win.
“It’s not just winning, it’s definitely a grind,” said Maurio.
Bryce looks at each season as an investment of his time and his money. He puts in more than 40 hours a week.
“When you’re doing this, I have to analyze 15 teams every player on every team, every situation. There are price considerations to take into account and roster requirements. It’s a far more complex problem than just picking a side to win or picking a point spread,” said Maurio.
In order to win as much money as he does, he has to put in a good amount. This weekend Maurio could lose up to $50,000.
“So it’s like an optimization problem I would have in economics class where you’re trying to maximize your score,” said Maurio.
Since Maurio lives in a fraternity house with 60 other guys, he gets asked all the time for advice. He sells his line-up to some of his buddies for a reduced fee. Then on game day they are all cheering for the same players.
“Even though everyone here is Colts fans everyone here is cheering for Tyrod because everyone knew we had him and we were playing him. He throws a 50 yard touchdown to Percy I get like 5 texts and 10 calls like ‘Tyrod, did you see that ball what a dime ball and I’m like, 'Hell ya, man,'” said Maurio.
Bryce admits he doesn’t win all the time, just most of the time.
“I’ve never had a losing season. I have had losing months. I have losing weeks. I have losing days, that’s just part of it,” said Maurio.
The majority of his winnings get re-invested into his teams. He’s already been able to pay off his student loans and plans on running his fantasy leagues full-time when he graduates.