I wouldn't use the formula tool for your first draft. The only time the formula tool makes any sense is when you have very unbalanced High School vs. College scouting budgets (e.g. 20 in college, 0 in High School). Then you can set the tool to overweight the college prospects. But it's very hard to get all of the other settings balanced just the way you want them. I have had drafts where I used the tool and drafted 20 pitchers and 5 position players, but I wanted a balanced draft.
What I usually do is set my positions to draft (1 or 2) C, (1) 2B, (2) SS, (1) 3B, (2) CF, (7) SP, (5) RP, and the rest, Any. Round 1 Balanced, and the rest of the rounds Very Conservative. Drafting Strategy None.
Sometimes if I have time, I will use a spreadsheet to compare the prospects based on what I feel is most important, then change the rankings a bit for the first 100 or so players.
11/17/2020 5:46 PM (edited)