Bovada Triple-Ups

H

haihai

Enthusiast
Silver Level
Joined
Nov 2, 2011
Total posts
99
Chips
0
Is it worth playing?

I mainly play cash games, and decided to start playing some SNG/tournaments. My friend plays the triple-ups and told me to try them out, so I did. So far I've won 10/13 the last two nights playing the $3. Calculated out that's $42.90 profit, which I guess is pretty good. But obviously 10/13 win rate is something that isn't really sustainable, so just wondering for those that play the Bovada $3 Triple-Ups, what's the more realistic win rate & does the play get better as you up the buy-in amount?
 
T

TheNoobie

Rock Star
Silver Level
Joined
Jan 11, 2014
Total posts
159
Chips
0
As in any other tournament the play goes up. And sometimes upper than you can handle ( Happens to me a lot when trying out something new I'm not ready for ).
I have just played on a few poker rooms and first time hearing about triple ups, played DoN but I thought thats as far as it gets.
Since I cant really help you with your questions, I will give you a couple of hints that will help you answer it for yourself.
You won 10 out of 13 games, whats that? 90%? Roughly. This is a good score. In DoNs you need to win 65 or something to be profitable and youve gone up. So, for 2 nights you made a profit of 43$, how good is that compared to your cash games? And what amount of risk is involved to your bankroll playing triple ups compared to the cash games you are playing?
Hope that will help you.
In the last thread about DON's a guy said that most of the people playing it make 60% wins ( not sure if it was profitable because of the rake it takes, you need to calculate that for yourself also ), but you got a way higher win rate than this. So, ask yourself also whether it was you playing, or it was just lucky to get to there. If you think you did it yourself only with no risky situations it should be profitable for you.
 
Arjonius

Arjonius

Legend
Silver Level
Joined
Jun 8, 2005
Total posts
3,167
Chips
0
If your unstated real question is whether you're likely to make significantly more money, the answer is no. You're still the same player. You might happen to have a style that leads you to do much better at a different game, but there's no obvious reason to expect this will happen.
 
G

goodgameme

Enthusiast
Silver Level
Joined
Jan 20, 2014
Total posts
75
Chips
0
I don't remember what Bovada charges for rake on these but lets just assume it's 30 cents on this $3 one. This would mean that you need to cash in 36.67% of these to break even. My guess is your going to find that somewhere around 40-45% is what most good players are going to cash here.

I haven't made up my mind on whether I like these or not. In the few I've played it seems like it takes longer for the bubble to burst than it does for a normal SnG. One of the benefits to double or nothings or triple ups is that they should be quicker than a normal SnG so you can get more in per hour. I just don't think these are a whole lot quicker than normal SnGs. However, the few I played it did seem the play was worse than regular SnGs on Bovada. Also I prefer 10 man double or nothings since I like having 6 people on the bubble over 4 in the triple ups. 2 more dummies to make a mistake is my thinking here. But Bovada only has 6 man DoNs so it does make these triple ups more appealing.

As Arjonius said, it could just be a case that you have a style of play that's better for triple ups or double or nothings. I'd say keep playing them and see how it goes. I don't think there is a huge difference in their $3, $7, or $13 on Bovada. I'd be interested in hearing your results.
 
IM deusXmachina

IM deusXmachina

Rock Star
Silver Level
Joined
Aug 2, 2013
Total posts
193
Chips
0
Only hindsight will tell you the truth...

:p :p :p I haven't posted on here in a while... so ill try to make this one short and sweet. IF YOUR WINNING, KEEP WINNING! If you start losing, STOP. Hope that helps you in your journey!



:2h4:
 
H

haihai

Enthusiast
Silver Level
Joined
Nov 2, 2011
Total posts
99
Chips
0
Still crushing these pretty hard...been keeping a chart 24/32 the last three nights which comes out to $110.40 profit according to my spreadsheet ($3 + .30). Certainly that's quite profitably but I highly doubt I can sustain such a win rate.

For anyone else that play the triple ups, what is your usual win rates? goodgameme mentioned about 36% is needed to break even (I'll trust you on that!), so I'm hoping maybe I can win at least half of them would be profitable. I think even with variance this is possible, at least at the $3. People tighten up so much short handed and the blinds/antes are high enough where you min raise everyone else folds usually you add like 10% to your stack just off blinds/antes.
 
B

BigggTymeR

Rising Star
Bronze Level
Joined
Jan 20, 2014
Total posts
10
Chips
0
Mate if you can sustain this winrate, Go for it.. It will be really profitable but the rake might kill you. So before learning more strategy and adapting to this ICM Bubble play, make sure your well prepared for the swings and have a decent enough BR to handle them ;)
 
G

goodgameme

Enthusiast
Silver Level
Joined
Jan 20, 2014
Total posts
75
Chips
0
Good to see you are crushing them. I'm going to stick with my original 40-45% projected ITM on these. If you are placing in 50% you would be making 36.36% ROI. There just isn't any single table SnGs that I know of producing that kind of return. Placing in 45% you would be making 22.72% ROI which still seems high. Placing in 40% you would be making 9.09% ROI which seems better. My gut tells me right around 10%-12% ROI at this buyin is going to be pretty good over a large sample given that the rake is 10%.

Keep up the good work and keep posting how you are doing so we can get a better idea on what these potentially pay.
 
H

haihai

Enthusiast
Silver Level
Joined
Nov 2, 2011
Total posts
99
Chips
0
Yea the only thing I've noticed is the 3$ Triple Up's $0.30 rake is really high...Most of the $5 SNG are $.25 or $.3 rakes.

But then again, the $7 Triple Up's rake is $.70, so I'm guessing Bovada thinks the ROI is higher for Triple Up's?
 
G

goodgameme

Enthusiast
Silver Level
Joined
Jan 20, 2014
Total posts
75
Chips
0
Also, how fast do these fill and how many are you playing at a time? Any idea on what the average time is to finish in the money?
 
H

haihai

Enthusiast
Silver Level
Joined
Nov 2, 2011
Total posts
99
Chips
0
Well, I'm honestly only starting to play these because the past week or two has been midterm weeks and the play is generally slower and bad so I can study and play at the same time lolol.

I live in California (so PST) and usually play anytime between 6 PM - 12AM. Those seem to be peak hours and they usually fill up within 5 minutes around those hours. I played a few at around 1-3 AM PST, and they filled up within 10-15 minutes which honestly isn't too bad in my opinion.

Average time would probably be about from 1 hour to 1.5 hour. By 1 hour mark the blinds are already 100/200, which is pretty ridiculous as most of the time there's about 4 players (maybe 5) left. That's an average stack of around 3k and blinds alone are already 10% of that. That's when you need to start making moves and stealing the blinds, as most players are going to start playing scared.
 
guppystew

guppystew

Rock Star
Silver Level
Joined
Oct 30, 2008
Total posts
305
Chips
0
I have played a few of the $3 and a lot of times all you need to do is be patient and take down just a couple of hands to be in the money.
 
Bovada Poker - Bovada Casino
Top