Originally Posted by JimboJim
20-25% is good? You just made me feel a lot better, I get about 20% in the big tourneys and about 40% in the smaller ones. Why am I always broke? I dont know....
Because you are probably too worried about ITM, when you should be worried about ROI.
There are thousands and thousands of people with a 20% ITM (for MTTs) and a negative ROI. If you are playing for fun, then that is fair enough, but it is much better to have a lower ITM if it means achieving a 70%+ ROI.
You know you're really getting there when you have a 25% ITM AND
a ROI above 100%. But that will take several years and high volumes of very regular play. Anyone thinking they can get to be sustainable at that level simply by reading a book and playing a little is sadly mistaken. There is no substitute for large volumes of experience.
To summarize, your problem is almost certainly that you are too cautious late in a tourney. Never tighten up as the money approaches.
Good Luck, oh, and keep accurate records!