Originally Posted by zachvac
Perhaps I didn't understand. Before you play the $75 tourney, what is the amount in your BR? What could you withdraw from the site if you didn't want to play in it?
you cant cash out a 75 dollar token...all you can do with it is play in a tourney. plain and simple. you cant turn it into cash whatsoever. let me try to explain this process with well rounded numbers as best as possible one more time.
Starting bankroll - $200
(play 5.50 6handed sngs for 5 hours.)
new bankroll - $240
4 buy ins 18 person $8.70 token tourney. 6th gets $14 top 5 get $26 tokens
win 2 tokens.....new bankroll $205
use 2 tokens for 9 seater, top 2 get $75 token, 3rd gets $66.
say win 1 $75 token. (if you happen to finish 3rd in one however new bankroll would be $271)
now theres only one more step as of now you would have:
bankroll of $205
1 $75 token
use $75 token....9 seater. 1st -$310, 2nd - $186, 3rd - $124
if you dont cash you have
bankroll $205....5 dollar more than you started the day with and racked up a crapload of ftps. However if you do cash you just won 50% of your bankroll, not dangering your bankroll in anything more than $5 sngs.
You guys say this is improper bankroll managment, and your investing money you shouldnt. I look at is as the only thing i might be investing in is Time. If i play all day and give myself a chance of doubling my bankroll, but in the end break even. I dont feel bad at all, i enjoy playing. If this all worked like the example above, you got in the 9 seater and finished 1st at the end. Your new bankroll would be $515, which would take a ton of playing in a matter of weeks to do playing $5 sngs. The point im tryin to make is grind it out with a small profit everyday. Or have 10 break even days, if your running bad in the $5 sngs wait til the next day. Then one day where you double your bankroll?
Does this make it any clearer?