You can see your place on the espn.go website. Log in and look under "my team" there is a specific order that is starts in. I'm assuming related to your draft position. Then after the first person picks they go to the end of the line and so on. That's about as much as I know about it. I do know that if you pick someone and someone before you picked them first, they get them.
Waiver Wire are people that have been dropped or just players available in general I believe. Anyone available to be picked up.
My biggest pick up is Andrew Luck, I don't think you gave him a chance Gatornaut. It was his first rookie game and he still managed to put 21 points on the board against the Chicago D. 3rd ranked in the NFL. He is going to have some big games.
The rest of my team is a scramble. I am having a hell of a time deciding who I should start or sit.....I did sit the Chicago defense against the Pack thought. I picked up the Raiders defense this week, even though their sub. long snapper botched their entire game, their defense looked solid.