As some of you know I recently decided to give BR management a try, since I have a small BR (currently on $70) I'm buying into $1 mtt sng's, between 45 & 90 players per run. I'm currently regaining experience as I play as its been a long time since played properly. I only have a small sample (18 tries, $19 buyins). Currently my ROI is at 32% after I won my last 45man for $12.73, and my ITM is 19%.
I'm just curious what time of ROI/ITM is good for these types of fields, I am happy that I've made a small profit of $6.07 but have had quite alot of bad beats in the process (2-outers etc) don't get me wrong I'm sure i've done the same to others in my time (joy of poker we remember the bad beats against us but not the ones we win lol)
Anyway my entire reason for posting is just to find out what a decent ROI/ITM is for MT Sng's, if people can provide a break down of the % then i'd appreciate it, I'm sure the higher the better but more or less whats poor, avg, good, great etc would be appreciated and again im aware 18sng's isn't much to go off but its so I can add it to my spreadsheet as a quick "monitor" of each days play.
You won't have a great idea about what your true ROI is until you play at least like 500 sng's. From what I've seen from solid regs who put in a ton of volume, your ROI should be anywhere from like 35% up to like a 80% or so. Obviously there are exceptions but I wouldn't expect to have an ROI of much more than like 60% unless you're playing like 2 at a time.
A normal cashing percentage should be right around 15% but can be anywhere from 13% to like 20%. From what I've seen people with ITM % closer to 20% tend to be playing too tight to be super profitable. Ideally it should be around 15% IMO. Hope this helps and GL at the tables.
Thanks for the response, I have found in the past week when I've done the bigger $1.50 tournies with a few thousand players I can get myself up to the bubble and I hit a point where I make a decision, what am I playing for to cash and make 0.10c or to win the $500 or so for first. Actually had an arguement at a table about that (dont usually talk at a table).
I basically flopped the nuts and slow played my hand up until the river, they ended up folding to my re-raise and giving me about 60% of there chips and I showed 1 card. They asked what I had an I said something like J6 (was 67suited flopped straight) and they got annoyed with me saying were playing for $1 my arguement was I'm playing for $500 :p
Anyway went of topic a bit there, I've been getting there or there abouts but I end up opting to make the big calls with my AQ/AK if i'm getting shortstacked near the bubble so I go into the money phase with a stack I can make real plays with rather than getting to the allin with any ace stage.
In the meantime I'll keep going and see if I cant push that ROI up, I'm not doing any Bigger tournies atm, might make an exception for the $12k gtd $2.20 buyin later on if my bankroll is up to it by then, using a 2% buyin rule.
Yeah don't be afraid to take shots in big mtts as long as its within your bankroll. If you play a lot of 1000+ fields variance is really high so you need to have tight bankroll management. When I started playing seriously I just used a 100 buy in rule and never had a problem. Just don't play anything you don't have a 100 buy ins for and you'll be fine. Of course if you only have 80 dollars you can take shots at 2 dollar tournies im talking more when you start moving up in the ranks.
Also, emphasis needs to be put on the sample size like andrew said. You will have no idea what your actual ROI and ITM are for a very long time until your sample size controls for variance. The higher the sample size the better idea you will have, obv.
With that said, I would advise not to get too caught up with the numbers right now, especially ITM. Play your game and work on getting the fundamentals down and growing your bankroll for now. Play ABC poker within your roll and stay patient. Proper bankroll management will likely be harder to accomplish than beating the micro-stakes with a +ROI.
You were right when you said that you shouldn't be playing for bubbles. If you are just hanging on to reach the money and have a high ITM, then you are going to miss a lot of +EV spots that will make you a lot of money and take you deep into the the (real) money.
Another word of advice is to, if you haven't already, get to know the push/fold ranges very well. When you get down below 10BBs (which is quite frequently in SNG's) this will become very useful and will help you gain an edge on the micros.
Good luck and stay patient my friend.