Maximizing tourney ROI
Something I've been wondering about but haven't seen much discussion here. I'm sure it is something serious tournament players consider.
You've got a ticket to the 1100. 100 for the fee and 30 for the staff so 970 to the prize pool for approx 12% 'rake'. 600 players so prize pool just short of 600k. Min cash is 1800 I believe. 88% of the players get 0. 12% get this or better. I think 2% get 18k or better. If you are the luckiest/best player, you get approx 110k after 3 days of work.
Some idiot offers you 1800 for your ticket. Basically, you can do the equivalent of a min-cash with 0 risk and 0 effort. If you turn this down, you are exchanging something worth 1800 to participate in something where your share of the prize pool starts at 970. Are you agreeing to an effective 46% rake if you play?
At what point does a serious player sell his ticket?*
You can further complicate this if you have sold some of your action at a healthy markup. Investors probably aren't interested in a 50-75% ROI. They want the big score, even though this is extermely unlikely. To them it is like playing the lottery. If you sell, they might not invest in you next time, even though they make more money in this case than 90+% of investors. Do you care?
Now, move this tourney to Vegas. You won't pay taxes on your profit from selling the ticket but you will if you win anything in the tourney (ignoring the 5000 threshold for now). At what point do you sell now?
Has anyone considered any of this?
tapatalk puts this here to annoy YOU
You've got a ticket to the 1100. 100 for the fee and 30 for the staff so 970 to the prize pool for approx 12% 'rake'. 600 players so prize pool just short of 600k. Min cash is 1800 I believe. 88% of the players get 0. 12% get this or better. I think 2% get 18k or better. If you are the luckiest/best player, you get approx 110k after 3 days of work.
Some idiot offers you 1800 for your ticket. Basically, you can do the equivalent of a min-cash with 0 risk and 0 effort. If you turn this down, you are exchanging something worth 1800 to participate in something where your share of the prize pool starts at 970. Are you agreeing to an effective 46% rake if you play?
At what point does a serious player sell his ticket?*
You can further complicate this if you have sold some of your action at a healthy markup. Investors probably aren't interested in a 50-75% ROI. They want the big score, even though this is extermely unlikely. To them it is like playing the lottery. If you sell, they might not invest in you next time, even though they make more money in this case than 90+% of investors. Do you care?
Now, move this tourney to Vegas. You won't pay taxes on your profit from selling the ticket but you will if you win anything in the tourney (ignoring the 5000 threshold for now). At what point do you sell now?
Has anyone considered any of this?
tapatalk puts this here to annoy YOU
Comments
would be interesting to consider just grinding the "easy" satellites for a bunch of tickets and just selling them all for above value. idk, it seems viable.
EDIT: although it would have to be only for tournaments that sell out, so that would be one hindrance.
That makes the tourney more attractive!
So at what price do you sell? This tells me what kind of rake you think is beatable...
tapatalk puts this here to annoy YOU
tapatalk puts this here to annoy YOU
Only at Fallsview, and only in Ontario this happens every year. Thank you AGCO.