So how do you prepare for a high stakes fantasy draft? There are lots of resources available and I will go through how I prepare for my draft. It doesn't always work out this way, but if I had unlimited time, this is what I would do.
First and foremost, know your league, the managers, and the scoring system. This will impact your draft more than anything else.
My draft preparation began long before the draft. This year, I decided to go back three years and analyze all of the drafts our league has had. I went back through the first 9 rounds of every manager for the years 2007 through 2009. I looked at what draft slot they drafted from and what place they finished the regular season in. I also analyzed what position they drafted in each round. If they drafted a running back, I put in RB. If they draft a quarterback, I placed QB in that slot. I did this for every year, every round, every manager for the last 3 drafts.