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mtt profit expectation for 8-10 MTTs per day 10-75 buy in

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  1. TaylorCG TaylorCG is offline

    Palo Alto, CA
    United States

    Posts: 37
    Joined: Aug 08

    Oct 26th, 2008 (10/26/2008 9:00pm)

    Hey guys. hope this reaches you running good at the tables, if not hope it turns around. So since I have had my reasonable cash of 3k, Im was running well the first couple days after. But now on a sic downswing. Realy bad beats late IE. FT bubble last 18 people sic shit. I understand variance and bankroll management. So my question is what should i be expecting to "take home" at the end of say a month,six. or a year even playing 8-10 mtts a day 10-75BI. Lately it seems I am unable to organize a solid playing schedule and feel that because I have the money to play for awhile I am being a litte too frivilous with buyins and sitting in cash games, etc. I would appreciate any suggestions and or advice to avoid bankroll depletion in addition to a realistic profit expectation in MTTs. THanks . T
     
  2. anticure anticure is offline

    Oshkosh, WI
    United States

    Posts: 809
    Joined: Feb 07

    Oct 26th, 2008 (10/26/2008 9:03pm) in reply to TaylorCG

    win coinflips, make bank...

    but really your question is way to vague and has too many factors, exact buyins, amount of players, if you play 7 days a week etc.
     
  3. selder1 selder1 is offline

    Victoria
    Canada

    Posts: 701
    Joined: Oct 07

    Oct 26th, 2008 (10/26/2008 9:09pm) in reply to TaylorCG

    How much you should expect is based obv on how good you are and could be calculated if you approximate your ROI%. I'm guessing you haven't put in the sick kind of volume to know your approx. ROI%. A good MTT player should be somewhere around 50% for ROI and top players should expect somewhere in the neighborhood of 100%.

    I'm kind of in the same boat as you, wondering how much I should be expecting to make grinding out mid-stakes MTTs. I'm playing the same buy-ins around the same volume, but haven't exactly been making a killing. I've been running like shit late in tournies for what seems like ever, despite being confident and feeling like I've played insanely well lately. Here's to praying that the cliche "the results WILL come" holds true. gl
     
  4. Faecal Matter Faecal Matter is offline

    New Zealand

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    Oct 26th, 2008 (10/26/2008 9:23pm) in reply to TaylorCG

    variance in mtts is too high. playing approximatly 200 mtts a month I wouldn't be surprised if your month to month roi ranged anywhere from -80% to 500%. Even a year isn't enough games to say any kind of expectation imo. You can have these kind of monthly expectations if you're a high volume sng player but not for mtts, you can't expect regular income if that's what you're going for.
     
  5. SEABEAST SEABEAST is offline

    Fitzroy
    Australia

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    Oct 26th, 2008 (10/26/2008 9:28pm) in reply to anticure

    try getting good before you worry about this shit
    14
  6. sct123 sct123 is offline

    Fairfield, CT
    United States

    Posts: 538
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    Oct 26th, 2008 (10/26/2008 9:50pm) in reply to SEABEAST

     
    Originally Posted by SEABEAST View Post

    try getting good before you worry about this shit

    quite the truth
  7. bonflizubi bonflizubi is offline

    Cambridge, MA
    United States

    Posts: 4,520
    Joined: Sep 07

    Oct 26th, 2008 (10/26/2008 10:36pm) in reply to sct123

     
    Originally Posted by sct123 View Post

     
    Originally Posted by SEABEAST View Post

    try getting good before you worry about this shit

    quite the truth

    Great point from the how much can i expect to win perspective.

    I think OP was also not wanting to go broke and asking how much he could expect to lose too. And that's worth paying attention to before you get *good*.

    Someone just wrote an article posted on the front page about how to calculate your expectation in the last week. This is the simple math that would answer your question based on your results to date. Sample size and variance and statistical validity aside, the article (once you read the comments that suggest fixes to a couple errors, explains the math decently enough.)

    Again, samples are never big enough for this, but it's how you do it.

    http://www.pocketfives.com/poker-art...tation-3469133
     
  8. TaylorCG TaylorCG is offline

    Palo Alto, CA
    United States

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    Oct 26th, 2008 (10/26/2008 11:19pm) in reply to sct123

    i guess i should just not suck then.
     
    Thread Starter
  9. HaightMeNow HaightMeNow is offline

    United States

    Posts: 2,360
    Joined: Jan 08

    Oct 26th, 2008 (10/26/2008 11:28pm) in reply to TaylorCG

     
    Originally Posted by TaylorCG View Post

    Hey guys. hope this reaches you running good at the tables, if not hope it turns around. So since I have had my reasonable cash of 3k, Im was running well the first couple days after. But now on a sic downswing. Realy bad beats late IE. FT bubble last 18 people sic shit. I understand variance and bankroll management. So my question is what should i be expecting to "take home" at the end of say a month,six. or a year even playing 8-10 mtts a day 10-75BI. Lately it seems I am unable to organize a solid playing schedule and feel that because I have the money to play for awhile I am being a litte too frivilous with buyins and sitting in cash games, etc. I would appreciate any suggestions and or advice to avoid bankroll depletion in addition to a realistic profit expectation in MTTs. THanks . T

    "Know what you know, know what you don't know, and know that a I need to know everything you know when you know it."

    really though, you dont understand it if youre doing those things.
  10. cds0699 cds0699 is offline

    Kearneysville, WV
    United States

    Posts: 108
    Joined: May 07

    Oct 27th, 2008 (10/27/2008 1:11am) in reply to HaightMeNow

    I was playing on a $5k BR, I was playing $55 and below for freezeouts (with an occasional $75 MTT) and $11r and below for rebuys. I had decent results (posted below). You'll experience longggggggg dry spells and variance sucks, but if you stick to it its very profitable.
    Time Period: 8-17-2008 to 10-24-2008

    Total buy ins: $11,640.30
    Total Cashes: $16,268.71
    Total # of tourneys played: 407
    Avg buy in: $28.60
    Profit/Loss: +$4,628.41

    - edit, I was playing 6-10 tourneys a day, buy ins ranging from $11-$55
  11. titantom32 titantom32 is offline

    Oshkosh, WI
    United States

    Posts: 464
    Joined: Dec 06

    Oct 27th, 2008 (10/27/2008 12:34pm) in reply to TaylorCG

    There can be some nasty dry spells in mtts, if you have a 3k roll playing 10-75$ buy ins, and played 10 tourneys a day, you could expect to drop that all before making a significant cash. With a 3k roll, im assuming that you have another job or source of income, so I would just try to win somethin big, keep improving youre game and not get into the math of ROI. ROI is mtts is just ridiculously overrated anyways.
      
  12. MuiMuiBueno MuiMuiBueno is offline

    Amherstburg
    Canada

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    Oct 28th, 2008 (10/28/2008 1:51am) in reply to titantom32

     
    Originally Posted by titantom32 View Post

    There can be some nasty dry spells in mtts, if you have a 3k roll playing 10-75$ buy ins, and played 10 tourneys a day, you could expect to drop that all before making a significant cash. With a 3k roll, im assuming that you have another job or source of income, so I would just try to win somethin big, keep improving youre game and not get into the math of ROI. ROI is mtts is just ridiculously overrated anyways.

    very true as mattg1983 said after he won his bracelet "the key in playing MTTs for a living is cashing in about 15% of tourneys and staying afloat but when u get deep in a tourney u need to be able to take advantage of it. therefore when u see these guys who luckbox a sunday mill, they will have like a 2000%ROI afterwards when in fact they were like -50% prior, so ROI is pretty overrated unless of course u r a consistent losing player
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