Know your opponents. It is important to know the draft strategies and tenancies of other GM's in your draft. Look back at the last several drafts and some GM's will reveal a pattern. For example, some take a top 5 QB every year in the 2nd round, some take two RB's in the first two rounds every year, some may have a tendency to wait for a TE until the 10th round. The more you know about your opponents the better you can prepare for your draft. I have a GM in my league who drafts 5 RB's in the first 7 or 8 rounds every year and every year he sits 2 starting RB's on his bench, his WR suck and never makes the playoffs. But hey, its his prerogative. Knowing his strategy is important because I need to get my two starters in the first 3 rounds because if I wait until round 5 to get my 2nd starting RB, I'll wind up with Lynch or Woodhead. Set up an Excel spreadsheet and mock draft according to other GM's strategies, this can help you anticipate where to take the players that you have targeted.
Don't get caught up with bye weeks. There is too much statistical information to keep straight in your head, making picks based on bye weeks just adds to confusion. Do you really want a player who will score less or be less reliable because the player you really wanted shares a bye week with your QB? Pick the best player and don't worry about having one week with too many bye week players. If that happens to be your scenario, you lose one week and then your in a stronger position to win the rest of the season.
Even if your favorite football team has a few good fantasy players, be wary of drafting more than one. I say this because every league has a hopeless homer who lets their passion for their real football team ruin the chances of their fake team winning. I am not stating that it is bad to have more than one player from a team, I do not let that factor stop me from drafting the best player on my board. But more often than not, a GM can have their vision clouded by the hopes and dreams of their NFL team. Believe me, when your NFL team has a terrible day, its compounded when your fantasy team fails with them.
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