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Okay well i play 9 player sit n go's, and right now im finding it pretty crazy to make money every hour. this is my question how do you make money playing sit n go's do you need to have a 30% win rate every hour to be profitable? i did some calculations and this is what i got.
10 sit n go's at $3.50 = $35 a hour spent
i would need to come first in no less then 3 of them to turn over a profit that makes 30%
I think that is alittle crazy when u cant win every game and some games u come second, 3rd etc... soo im just curious am i right with my calculations or did i miss somthing and do online pro's actually win 30% rate? -
a 30% win rate is virtually impossible. If you can cash in about 40% of your SnGs and hold your own during heads-up play, you should be able to eek out a 5-10% ROI. The key then is getting in a lot of volume. This means playing a lot of tables at once and putting in a lot of hours in the day, and without letting your game drop off. Id say its pretty hard to make a living playing SnGs at those levels, though Im sure someone somewhere has done it. Just try to do your best, work on your game, and build a bankroll so that you can start playing in the 5s and then the 10s and so on.
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still kinda lost lol, soo if i play $100 sit n go's a day how many do or should i cash in to be a winning player, i need a break down soo i know for myself n thx
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Well the average player wins 11.11% of the SnGs they play. Now obviously you want to be better than average. But it doesn't require too much more than that to be successful, provided you are also finishing 2nd and 3rd a lot. To take an example, on FTP, in Omaha Hi/Lo 9-man Turbos, I won 12.22%, finished 2nd 13.68%, and finished 3rd 13.56%. I cashed slightly less than 40% of the time, and still managed to put up an ROI of around 6.5%
If you are unfamiliar with the term ROI, it means 'return on investment' and is shorthand for how much profit you make for every dollar you spend in buy-ins. It is a fairly reliable indicator of how well you can expect to do over the long haul, but it takes a large sample of games to get an idea of what your true ROI is. If you have an ROI of 10% and play 10+1 SnGs, then you will gross $12.10 per tournament, for a profit of $1.10. This can give you an idea of how many tournaments you need to play per day to make a decent living.
Grinding SnGs is tough work. You either have to put it a very high volume, be really good, or play at fairly high stakes. -
First of all, does a $3.50 SNG have more than 10% rake? If so, find a new game, as it is extremely difficult to make a profit with a 10%+ rake.
The amount of times you get in the cash is not important (well not really important anyway). You ROI is what you are looking for. Say ou play $10 SNGs at 8% ROI = $0.80 profit per game. Remembering that it can take sometimes thousands of games for the variance to even out, so you won't make 8% profit every time you sit down.
The 30% ROI will be impossible to achieve over a decent sample size in 9 man SNGs. -
your going to have to play a lot of these for a long period of time, prob 8-10 min at a time if not 12-16 and prob put in 4-8 hours a day for a few months and gradually move up stakes till you can get to 50s or higher buy ins. even the best are going to struggle with a double digit roi, if you can play at 4-7% roi over say 10k games you are doing pretty good, you should also factor rake back as that can add up nicely for you if you are putting in the time as well as other bonuses you can gain at different levels of your vip status and other promotions. but to answer your question it is about impossible to make money at the micro level sit n gos but you have to start somewhere
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wow thx for the info guys sounds good!
do any of you guys play sng's for living? -
wtf itt... 10% ROI is attainable and more... learn some ICM immediatly if you play 9 mans, (in fact learn it period if you play poker)
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Starting to think this thread is a level by OP.
But, in case it's not. Buy yourself a copy of SNG Strategy by Colin Moshman. Do not play 9mans that have more than 10% rake. Though I assume you mean the pokerstars $3.50s which are $3.19+$0.31 if I recall so that should be fine - just. Volume is key, get a shed load of games in, or play a very small number of games, and pay a great deal of attention. When I started out I played €1.10 and €3.30 9mans on a local card room's site and obtained a little over a 100% ROI across them all from 500 games. I was only ever 4 tabling at most. Sure most of that is to do with Italian micros being softer than hot butter, but it sure helps make my point. -
soo your saying not to play 9 player sit n goes? should i be playing 6 player? i just wanna get on the right track soo i can start making moneyy, and my skill aint the factor just not sure how to stop tilt and what i should be playing. I have experiance up to the 50$ sit n goes just need tips to improve myself before i start going seriously
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You answered your own questions AceBet101. Stopping tilt in a slim margin process such as grinding SNGs will help you to no end. If you're tilting off in low margin games you'll find it very hard to get ahead. The beauty of SNGs is you should not tilt.... Just take the beat and open another table.
Edited By: leeroydafish Aug 29th, 2011 at 02:09 AM
It's not like you've invested 4 hours into it to lose your AK v AQ AIPF so no point in tilting! Fire up another and keep on moving on. A beat usually means you're getting your money in good so keep that up and the volume takes care of the rest (if you're the skilled player you say you are).
Just remember, it's usually the players bad beating you that are the ones adding the easy money to the SNGs so you'll get it back next time ;)
Reason: another line added lol -
I've been spending the last month or so 6-tabling 50-50s trying to build up a roll to start being able to grind mid stakes MTTs effectively. I've definitely found some people who are grinding them effectively. Like everyone's saying volume really seems to be the key. The successful players at these seem to make about .50 cents a game at the $7 dollar level playing over 10K games per year. It's a hell of a grind for not a tonne of money but they are an easy game to beat and multi-table. The swings also don't tend to be as vicious seeing as an avg player would cash 50% of their games. The thing that I always have trouble with with SNG's is how many hands you have to play all in... you have to be really comfortable with your push fold ranges because you're inevitably going to be playing a lot of hands face up when the blinds start getting big. Which also means you're going to have to be able to keep your head when you watch you're aces get beat for the 6th time straight time by some random hand because you're going to have those days, or even sometimes weeks.
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Don't play stars 9 man sit n gos. The field is too strong (because they are so easy ironically) and the rake is too high. Stick to 18 mans, 45 mans and 180 mans or change game type. I wish someone had told me this before I started to play them a lot.
Edited By: djdoodoo Aug 29th, 2011 at 04:42 AM
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