This is my third auction. So I have some, not a lot of experience.
I'm in friendly 12 team PPR league. Four of the owners are very active on the ww. Four are semi-active(once/twice a week) and the remaining 4 just like having a horse in the race!
My first year, I planned for each position in a balanced budget approach. Didn't work out. Some players went for too much and I was shutout.
My second year I made the championship. If you are very active on the ww, this will work for you.
I didn't want to create a budget that simulated a snake draft, where I got my one #1, and my #2, #3 and so on and so forth. That's what I did my first year, not realizing it. Not pretty.
My second year I realized this is an auction and every player is available to me. In a snake draft, everyone is crying I never have the #1 pick or get in the top 3. Well, not an issue anymore. All you have to do is pay. So. who do you want on your team? I decided I wanted to leave the draft with two top 10 RBS and 2 top 10 WRs. If my other positions were weak, there is the ww(key).
I left the draft with McCoy, Forte, Fitzgerald and Nicks.
Budgetwise, I plan to pay $1 for a K, DEF, IDP and bench slots. I allocate $7-$10 for overdraft, for that player(s) you really want. Whatever positions are left over, such as QB, TE and flex, you look at the auction sheet and decide what players you can live with in a certain price range. I planned for Stafford for $8. Lost him to an owner who had once bench position left and $15. I ended up with Bradford(promising with McDaniels in the preseason) but picked up Tebow off the WW. Since I budgeted worst case scenario for my four key players, I had some extra funds, so I got Finley. Wasted money since he didn't do much. I also nabbed Steve Smith(CAR) for $3(godsend early in the season).
But my core four made me 9-4 in the regular season. #1 seed with a bye week and into the championship game where McCoy did nothing!
My only caveat is if you go for a player with an injury history(AP, McFadden), you will have to allocated specific funds for his backup. since this will stretch my budget, I didn't do this last year and don't plan on it this year, unless AP/McFadden come will a cheap price tag where I can fit in their backup within a reasonable cost.