MTT: how often do you have to cash to be profitable?
In your individual past experience, roughly how often do you have to cash to be profitable in multi-table tournaments?
Running basic estimates myself... It seems like, if you go out soon after cashing, and the money on the bubble pays 2.5x's your buy in (typical numbers from what I've seen), you have to cash roughly 40% of the time you play just to break even. Is it realistic to think you can cash that often? Given that typical tournaments pay the top 10% it seems like the odds
are not in your favor.
Of course, there will be times when you go deep into the tournament. My other questions is, in your experience, how often does this occur? How do you figure that into deciding whether or not to persue tournament play (ie: I need to make the final table in 1/15 tournaments to make it worth my time, etc)? What is your personal reasoning and break even point?
Anyway, just wanted to get the forum's thoughts and comments. Thanks.