Consistency in MTTs

rari458

rari458

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With there being such a large number of competitors, and the inevitable length of many large MTTs, is it possible for anyone to consistently win them? Or making final tables?

Just a question that entered my mind today.
 
EllyWriter

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There is far more variance with MTT, but it is absolutely possible to be consistent. here is the past 8 days @ ACR. not much money, but profitable and consistant
 

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rari458

rari458

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There is far more variance with MTT, but it is absolutely possible to be consistent. here is the past 8 days @ ACR. not much money, but profitable and consistant

Very interesting, thank you for your insight.
 
Acesinthebig

Acesinthebig

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I think cashing and making final tables and actually winning tournaments happen more rarely then you would think. I think even the top players have a cash rate of only about 30%, Final table rate of about 6% to 8% and winning percentage of about 1% to 3%. That's just a guess can someone tell me if I'm close?
 
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karl coakley

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I think this says it all....

http://deadspin.com/why-its-hard-for-poker-pros-to-make-a-living-playing-l-1526098295

The biggest problem with tournaments is when you lose, your out. If I bust out in a cash game because of a bad beat, bad decision, ect... I simply rebuy and can easily recoup the loss.

The second is clearly explained in the article. Even if you are a positive ROI player, you have to play a LOT of tournaments to really make money (enough to live off of).

I cash in micro tournaments consistently without a problem (40% ROI). But if you look at that, its not as impressive as it sounds. If I play in a 10.00 tournament, I'm going to be winning 4.00 on average (14.00 which is about a min cash). Lots of work for 4.00 and I would have to play non-stop for a month to make anything significant grinding that out (with a 40% ROI).

When I move up in games to the 100-1000 range my ROI drops to about 15%. Again, when you risk 100 to win 115, not really impressive.

I think the best thing is hope things run well in a big tournament and make a big cash rather than grinding tournaments. You will be far more profitable and consistent with cash games. I've always liked the idea of playing satellites and taking a chance on bigger tournaments rather than consistently cashing in micro tournaments.
 
smerald

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There will always be quite a bit of variance in MTT but as with other aspects of poker if you play enough in the long run you can become profitable if you are good at them. However, consistently winning them seems very unlikely. Just as in the wsop where you tend to see the same big names (Ivey, Helmuth) make more final tables but they still cannot consistently win all of them haha but seem to be pretty profitable. You will need just a large enough sample size and the adequate skill to be profitable.
 
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karl coakley

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There will always be quite a bit of variance in MTT but as with other aspects of poker if you play enough in the long run you can become profitable if you are good at them. However, consistently winning them seems very unlikely. Just as in the WSOP where you tend to see the same big names (Ivey, Helmuth) make more final tables but they still cannot consistently win all of them haha but seem to be pretty profitable. You will need just a large enough sample size and the adequate skill to be profitable.

I agree you can be profitable if you have a good skill set, but "profitable" is a very vague term. If you min cash in the WSOP are you making anything? A min cash is 5k. You have to pay taxes, then hotel, travel, food, ect...., hopefully you broke even.

I think most income comes from cash games, a min cash just doesn't do much (unless you are in the .001 % of people that can consistently put up big numbers).
 
terryk

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It`s just fun to take $2 and turn it into $500 isn`t it?:D Some of us just do it for the badge of honor in poker and enjoy a nice winfall$ once in awhile:) No more,no less:cool:
 
DougPkrMonsta

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From 2007 to 2011 I played 15,500 MTTs on tracked sites, with a average buy-in of $11 against fields ranging from 500 to 25,000.

This was basically 10 tournaments a day every day for four years. On these sites alone I profited $80K without having to leave the comfort of my home. All this while doing something I enjoyed and would do for free.

Then the government decided I shouldn't be able to do that anymore (thank goodness they saved me from myself!) and I've been waiting around for them to come to their senses ever since.

Needless to say if you put in enough volume you can be very consistent and profitable in tournaments even for low stakes.

Somebody wake me up when the world is no longer upside down.

Good luck to you! :D
 
xkenjix

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Variance is a B that takes no prisoners in MTT's. Good play and volume is key
 
Masi2197

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It is possible that you can compete in several mtt tournaments at the same time and have great results but at times you may limit this and do not play strategies or studies, there great players and many who test posibilities so it makes it more difficult
 
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killroy

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Well i don't deposit money in any poker site. But i play a lot of free-roles and at times i have had a bit of cash on one. but i don't deposit so i have never cashed out. so to me its just fun. no money.
;)
 
smerald

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I agree you can be profitable if you have a good skill set, but "profitable" is a very vague term. If you min cash in the WSOP are you making anything? A min cash is 5k. You have to pay taxes, then hotel, travel, food, ect...., hopefully you broke even.

I think most income comes from cash games, a min cash just doesn't do much (unless you are in the .001 % of people that can consistently put up big numbers).

Indeed "profitable" is a very vague term, and maybe that's why I used it haha. If you look at just the money spent on poker then yes it can be profitable with a good skill set. But as you mentioned if you are including cost of living and such, you will probably need elite levels of skill and extraordinary patience & bankroll management for playing only MTTs.
 
B

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It's very possible to make a profit but to keep winning tournies, especially these Days is very hard and def not easy at all, you have to win flips and then it's down to luck so it's not easy at all to do, esp these Days when players are shoving more or less anything if they get a piece of the flop, etc. I make it ITM alot in my PS tournies but alot of that is just min cashing tbh, i will get a few very deep runs but it's not easy, getting so deep so often is very hard to do imo.
 
TheNutz4You

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Volume is the 1 and only key to being profitable and able to decrease variance in MTT poker. You have to play tons and tons of mtt's over the long haul to profit. That being said, if you are a loosing player, than you can play 10k MTT's and be down lots of money. Even the best players in the world go on long droughts of not winning, but they stay at it and eventually it comes.
 
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