Poker Articles

 
Sign in | Join
in
Bodog
$100K Guaranteed
Every Sunday! 
Sign Up Today!
Rakeback
Get cash back after
playing poker!
Sign up now!
CarbonPoker 
$15,000 Rake Chase
Plus 30% Rakeback!
Cake Poker 
33% Rakeback
$25k extra each month!

lukaluka05's Blog

 
110 Posts and 18 Comments
    • Google
    • Yahoo!
    • Bloglines
    • NewsGator
    • MSN
    • AOL
    • Technorati
    • RSS

The Problem with OPR....

By lukaluka05 - Feb 04 2009, 12:31 AM

 Online Poker Rankings is a good site to check out sometimes when you want a general idea of an opponent. Sometimes I'm heads up and a person will talk about a chop. I'll usually look them up and if they are a good player I'll consider it. If they've luckboxed their way then I'll take my chances. Anyway, one huge flow with OPR is calcuating ROI's if you play rebuys.....

Example.

I've played the stars $55 PLO Rebuy 10 times. I've bought in from 1150$ and won 1200$. This is a minimal positive ROI (4%?). Now the problem with OPR in calculating the ROI is they take the number of buyin/addons and divide by entrants and come up with an average buy in. The average buy in for this tourn is about 230$. So 230$ x my entries is 2300 - my winnings (1200) and I come out to -900 for a -30/40% ROI. Quite far off from the true ROI of 4% (BTW, its only a 10 tourney size sample, so it's not long term ROI but just the actual ROI for 10 tourns. Hopefully it will be up to my normal PLO Rebuy average of 50% ROI once I get a large enough sample size.) OPR let's u check winnings without estimated rebuy/addons but them again that would not be accurate either, because we all rebuy or add on. Same can even be said for bounty tournaments where you are getting 10-25% of your buy in back. Anyway, that is why I keep my own MS Excel spread sheet. Everthing is accurate and for each tournament I play I have my total profit/number of entries/average profit per entry. This is to let me determine which tournaments I should be playing and which I need to let go of. I really need to get a good sample in though (200 MTTS?) before I can make a decent decision. If anyone is interested in seeing the spreadsheet and editing it for themselves let me know.


GL all, and GL in FTOPS


Comments

Limo Wreck 

Limo Wreck said:

I'd certainly be interested in checking out your spreadsheet. I've made one of my own in Open Office if you want to check it out. E-mail me bustedjacks@live.com

Thanks

February 8, 2009 12:05 PM

About lukaluka05




P5's Member Blogs
Free Poker Coaching (I Ne...
By Cre8ive - added Nov 18 2009, 02:38 AM
Relationships and Poker
By dtools22 - added Nov 16 2009, 12:15 PM
A Victory and Playing wit...
By sgildea25 - added Nov 16 2009, 12:49 PM
RECENT POSTS
Trusting your instincts....
Nov 13 2009, 06:43 PM
0 for 23 yesterday
Nov 06 2009, 02:52 PM
October report......in the red
Nov 01 2009, 10:03 AM
Took the day off...
Oct 30 2009, 05:32 PM
Bah Poker.....
Oct 24 2009, 05:42 PM
Spewy Day 2
Oct 09 2009, 06:20 PM
Back online for a day!!!
Oct 07 2009, 11:40 PM
Blog Roll
No blog rolls