I finally broke the $100 mark today. I took 3rd in a 27 player $2.25 tournament and it pushed my bankroll to $100.85. I like the 27 player tournaments for $2. You are playing for similar prize money as in the $1 45 player tournies, but you don't have to get through as many players.
Hopefully, I can continue at this pace and keep adding to my bankroll. I still have a long way to go to get to $10,000, but I am happy with my results so far.
To help me track my progress, I have started a spreadsheet that keeps track of my percentage of cashes, my average profit per tournament, and my return on investment. I was surprised at the numbers.
This is how the #'s look so far for the 45 tournaments I have entered into the spreadsheet.
I cash in 33.33% of tournaments I play.
I profit $.98 per tournament.
My return on investment is $44.29 profit on $56.06 worth of buy-ins for 79.02%
My average cash is $6.69.
This is the first time I have analyzed my results from a statistical standpoint. I believe it gives me better insight into how successful or unsuccessful my play has been. If anyone has any other ideas on how to analyze my results, I would love to hear them.
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11 years ago
Have you looked at profit per hour at all? That's another way to see which games are giving you the most bang for your buck...
ReplyDeleteThanks for the idea. I pretty much play in the same games all the time. Also they are tournaments, which would be hard to measuer on a per hour basis. Once I start playing cash games, I think I will implement this.
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