ROI in MTTs

BlondeFish

It means: don't bet on the horses unless you want negative ROI!

marban;369978 wrotewhat the heck does all that mean?
regards, Mathtard..???

marban

BlondeFish;369995 wroteIt means: don't bet on the horses unless you want negative ROI!

stick to poker advice:biggrin2:

Bfillmaff

Hey nothing wrong with betting horses if you enjoy it... Just don't try to call it an "investment" , as your Return On Investment will be negative in the long haul.

Its the same reason we don't see BAP threads for blackjack :)

T8urmoney

Bfillmaff;370015 wroteHey nothing wrong with betting horses if you enjoy it... Just don't try to call it an "investment" , as your Return On Investment will be negative in the long haul.

Its the same reason we don't see BAP threads for blackjack :)

I'd like to see a rake calculation on the ponies

T8urmoney

I had a look at my live ROI stats on MTT and satty's:

With buy-ins of <$200: My ROI over 145 tourneys in the last 3 years is 80%

With buy-ins of >$200: My ROI over 43 tourneys in the last 3 years is -35%

This is without what I would call any 'binks' at the bigger buy-ins.

The problem is, with one bink, your ROI can go from -35 to +50

Bottom line.....binks are needed

ReefAquarium

sn1perb0y;369843 wrotethere was a middle age decent player talking about ROI at my table. He was saying that very good players make a ROI of 100% in MTTs.

May someone give me the right definition of ROI and a simple example?

Thank you.

Return on Investment...

For example the old guy was right if ...

Phil Ivy: $2,000,000 loss walking past a craps table to a $4,000,000 Poker win in a fully sponsored tournament.

100% ROI.

ReefAquarium

Return on Investment...

For example the old guy was right if ...

Russ Hamilton:Spends $1 on bus fare to go steal candy from babies and gets at $2 bullet in the head.
100% ROI.

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