P
ph_il
...
Silver Level
i was looking at my recent sharkscope results and noticed a pretty big bankroll leak: i re-enter way too much in mtts. in the last 100 mtts played, i had 78 re-entries. only focusing on my last 100 mtts as that's when i started playing online poker again. now, this is a bit of a double-edged sword, (i think that's the right analogy). on one hand, without re-entries, i wouldn't have made some of my deep runs, final tables, mtt wins, and wouldn't have profited as much as i did. on the other hand, did the profit make up for all of my re-entries? i guess, in a way, yes because i still profited, but how much did i give up in the process?
....wait, am i litterally saying to myself "i profited, but how much did i lose?" i guess so, but i'll roll with it.
in 100 mtts, i had an average buy-in of $1.35 and an itm finish of 30%. so, out of 78 re-entries, i cashed in ~24/78. with the remaining 58 re-entries, i paid (lost) a total of $72.90 which is a pretty significant amount. to put this into better perspective, my best mtt cash was ~$65. so i basically netted $8 in profit for that final table run. call me crazy, but an $8 profit in 58 buy-ins doesn't seem worth it.
now, is this bad? i guess it depends on your goals. like i said, i wouldn't have made some of my final table runs without re-entries. would my roi% have been the same had i not re-entered so much and saved $73 worth of re-entries, i don't know. it's hard to tell. but spewing away $73 in extra buy-ins is quite a lot, even if made an $8 profit in the end. i still profited overall, but i'm wondering if bankroll preservation is just as important. i could've easily gone on a bad run and lost a ton of money on top of the $73 in re-entries. and, in that case, i would rather not have spent those 58 extra buy-ins.
do i think re-entries are bad? not at all. i love re-entries. like i said, some of my best results are because of them and they do build up the prize pool. however, i think i'll need to make some changes in how often i do re-enter to preserve my bankroll and profits. i think my best plan is to:
1. limit my total re-entries. i think 1-2 re-entries max would be ideal. maybe a bit more for the really low buy-in games.
2. use re-entries more in lower buy-in games and less in games that are at the top of my buy-in range. so, more in the .25 - .66 mtts, less or none in the $2.20 mtts. this is to keep my average re-entry buy-in below my average mtt buy-in.
3. try to keep total re-entries at or below my itm % so i'll be breakeven or still have a slight profit if i keep average my re-entry buy-in low.
that's the plan. i can't predict what my results will be but i'm curious to see how my bankroll handles the changes i'll be implementing. a bankroll saved is a bankroll earned, right?
....wait, am i litterally saying to myself "i profited, but how much did i lose?" i guess so, but i'll roll with it.
in 100 mtts, i had an average buy-in of $1.35 and an itm finish of 30%. so, out of 78 re-entries, i cashed in ~24/78. with the remaining 58 re-entries, i paid (lost) a total of $72.90 which is a pretty significant amount. to put this into better perspective, my best mtt cash was ~$65. so i basically netted $8 in profit for that final table run. call me crazy, but an $8 profit in 58 buy-ins doesn't seem worth it.
now, is this bad? i guess it depends on your goals. like i said, i wouldn't have made some of my final table runs without re-entries. would my roi% have been the same had i not re-entered so much and saved $73 worth of re-entries, i don't know. it's hard to tell. but spewing away $73 in extra buy-ins is quite a lot, even if made an $8 profit in the end. i still profited overall, but i'm wondering if bankroll preservation is just as important. i could've easily gone on a bad run and lost a ton of money on top of the $73 in re-entries. and, in that case, i would rather not have spent those 58 extra buy-ins.
do i think re-entries are bad? not at all. i love re-entries. like i said, some of my best results are because of them and they do build up the prize pool. however, i think i'll need to make some changes in how often i do re-enter to preserve my bankroll and profits. i think my best plan is to:
1. limit my total re-entries. i think 1-2 re-entries max would be ideal. maybe a bit more for the really low buy-in games.
2. use re-entries more in lower buy-in games and less in games that are at the top of my buy-in range. so, more in the .25 - .66 mtts, less or none in the $2.20 mtts. this is to keep my average re-entry buy-in below my average mtt buy-in.
3. try to keep total re-entries at or below my itm % so i'll be breakeven or still have a slight profit if i keep average my re-entry buy-in low.
that's the plan. i can't predict what my results will be but i'm curious to see how my bankroll handles the changes i'll be implementing. a bankroll saved is a bankroll earned, right?