So with a $2 investment & only single-tabling, how much do you think you should receive by placing in the Top 1% of the field?
Anyone playing Tournaments with 'hourly win-rate' in mind, are definitely NOT single-tabling. For micro & low stakes it is much more likely to be 10+ tournaments open at the same time, & playing 30 to 40 tourneys per day on a typical day (some are much higher volume than this... some in mid & high stakes will go with less at times, like 6 to 8 tables... 'maybe' 4 on more rare occasions).
I see many members suggest that tourneys are not worth it. I ask you.. 'Worth what?' Most are playing for entertainment (myself included in that). Tournaments give the newer player & the not so greatly skilled player a good shot at a big score. In the 'long run' it is going to be the higher skilled players who will shine but in the short run anyone can win a tournament & turn that $5 into $2,000 (or more some times). < How can that not be worth something?
(one of the games I played in the other day, I was actually down to 1/2 of a bb & fell to 2 to 3bb's a number of times (it was a fast structured game with many shortstacks in the field). I ended up final tabling it. < that's tournament play
For players who do play regularly, not all are profiting players. But for some who are, I've seen some decent profit totals for them. (case in point, the guy who took 3rd place in that $5,300 buyin, $20M gtd. on
partypoker this month, had an average buyin of $11, with ~2,500 games played on Partypoker and an ROI of just over 10%.. he was up $3,500 prior to his run in the 20M & the satties leading up to it. He won his ticket from an intial $5 Satellite entry. How often do you (or does ANYONE) do that in micro/low stakes cash game? Then to win the $22, $109, $530 tickets, & ultimately the $5,300 ticket to enter the big event... ride the shortstack for hours & finally cash for over $1 Million. <<< This makes playing tournaments... 'worth it' (imo).
Here's a guy's stats that shows that micro & Low stakes tourneys are 'worth it'
With an average buyin of $10 & an ROI of +35%, this guy has profited over $100,000
My own personal experience with tournament play... just from 'micro' 'private' (forums) tournament play (excluding all regular tournaments on the sites), I made over $10,000 'profit' from 2008 to 2011, 2012 & 2013 - $8k, 2014 - $7k, 2015 - $9.9k, 2016 - $1.5k, 2017 - under $1k, 2018 - $1.7k (so far)
That's over $75,000.00 profit just from private league/ forum games (&
freerolls ) playing for fun.
I rarely play tournaments these days but at one point they were my favorite game for sure.
Just from Cardschat games, 2012 to 2016 I profited $6,756.51 I'm not sure how much prior to 2012 although I likely have it on another older computer here somewhere but I think I did even better back then (& there were many buyin 'cash-added' tournaments back then on CC & elsewhere).