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Math Formula - # of tourneys to make certain cash

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  1. Mig Mig is offline

    Mexico
    Mexico

    Posts: 89
    Joined: Nov 07

    Aug 17th, 2009 (8/17/2009 5:39pm)

    Hey Guys,

    Just wanted to know if anyone knew the math to this. What's the formula to calculate how many SNG's you have to play in order to make a certain amount of money? I guess the variables would be:

    1. buy-in
    2. ROI %
    3. say $1,000/month

    How many SNG's would I have to play per month to make ~$1,000 at say $11 level with a 10% ROI

    Many thanks,

    Mig
  2. J_TheFuture_M J_TheFuture_M is offline

    Lillington, NC
    United States

    Posts: 267
    Joined: Mar 07

    Aug 17th, 2009 (8/17/2009 5:49pm) in reply to Mig

    First.........



    Well 10% of 11=1.10

    1000/1.1=909.1
  3. thwlvssmllfr thwlvssmllfr is offline

    Sacramento, CA
    United States

    Posts: 335
    Joined: Jul 07

    Aug 17th, 2009 (8/17/2009 7:11pm) in reply to J_TheFuture_M

    Yup. Here is with labels to simplify.
    The dollar amounts (Buy-ins and Projected Profit) are the only variables here if ROI is a constant 10%.

    $11.5 (-.50 rake)
    $11x 10% ROI = $1.1 average profit per sng
    $1000 (profit)/$1.1 (profit per sng) = 909.1 sngs

    B(.045) x .1 = P

    B = Buy-in
    P = Expected Profit
    (.045) is the average rake per Sng
    .1 = 10% ROI

    We already have a Mig BTW.
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