re: Poker & ROI
Originally Posted by widowmaker89
I beleive your computations are incorrect.
first is a win of $39 so 355%
Second (19) for 173%
Third (9) for 82%.
I cannot really comment on what you should aim for, I play mostly ring game and MTT, but I will add regardless of your ROI, make sure you have a good sample size and a proper bankroll before you move up.
Oops. worked on 50/11 rather than 39/11. I have had to recalculate my figures. Thanks.
Originally Posted by bw07507
Anything over 20% ROI at the 11 dollar level would be unsustainable over the long run. You are crazy if you think you are going to be able to maintain 100% ROI, thats just rediculous. As for how much you should have, I recommend atleast 40 buy-ins for whatever level you want to play. Trust me, variance is a beotch in S&Gs.
Thanks for the advice. You may have jumped to conclusions a little quickly there. I was miscalculating my percentages so the question should have read....
What level of ROI should I aim at. e.g. if my ROI was 5% should I drop back a level or keep grinding? If 80% should I move up?
A little more info. Some time ago I won $40 in a freeroll and quickly got it up to $100 (with no understanding of Bankroll management) and then proceeded to lose it all.
I started reading things on this forum and came to realise the mistakes I made. It would seem you cant win everything all the time. So I started again.
I deposited $25 into my account and proceeded to GRIND my way through 50 cent SNG games until I got to $50. Then I moved to $1.00 SNG's. At $150 I started playing $3.00 SNG's and that gets me to where I am now. (I did play a $7.50 MTT the other day and we shall call that a LEARNING EXPERIENCE)
Over the last month the ROI is 75% (based on 25 SNG's, only started keeping detailed records last month). My bankroll is just shy of $250 and I was planning on moving up to $6.00 + $0.60 games once I reach $300.
I was just curious about people's thoughts.
What level of ROI should I aim at? Obviously anything above 0% is profitable but is it wasting time with a ROI of 10%? Is that type of ROI about the standard at higher levels?
Thanks again for your comments. Hope to get some more.