Is it possible to be a winning MTT player?
I play mostly MTT's and yes on balance I am on the positive side.
So please forgive the title of the post - but the title IS RELEVANT to my point.
Here is some observation - question I have - and real curious of feedback/opinions.
I just finished in a MTT at FullTilt (a strange and fun game), but the payout structure is what we typically find in the large MTT's at Pokerstars
and FullTilt, that is very heavily favoring the winner of the game - and the final table.
In this example 2242 people started - I finished in 16th place - my reward = apx 13x the buy-in (0.50 was bounty and 0.20 fee)
That is I had to finish in the top 0.71% of the field to get this pay out. (16th of 2242)
or just under 1%. Or to put it in a different way - One in apx 140 starting people got as far as I did.
Or if all things are the same - mathematically - I should expect after every 140 starts to get this far. (Spend $2 x140 to get $26 or better back)
140 starts.. that is at one game a day - is nearly half a year... til next pay day of this size OR BETTER.
Of course should I actually get the real good thing (the win) - top pay was over $800! That sure makes-up for a whole bunch of no wins. But odds
are APX. ONE IN 2200!!
As I said earlier I am on slightly positive side of $ overall ... so how come? I guess in good part is because of value added games like we get here at CC (THANK YOU CC); generally good game selection; SnG games and hate to say it - but playing games at sites that have a more flat payout structure.
I am a definite loser at Pokerstars - and I keep going back - just love the software - love the game selection - the quality of play (for the most part). Pretty much same is true about FullTilt.
But as an average player that just cannot really reach the top position in some big MTT - I think I am financing my "love affair" with these sites by winning my share at the other sites and in private games.
Please don't chop ME into pieces for this post - but feel free to point out the flaw(s) of my thinking. I'd be real happy if this "theory" is wrong.
Here is the tourney I used as an example