Posted 11 August 2006 - 08:33 AM
Ok, I've been doing some reading and punching in some numbers to try and estimate what it would take to be profitable playing only LOW STAKES SHORTHANDED NL SnGs and the following questions have arisen:Is a 20-25% Return on Investment feasible for a "good" player? It seems most places say it is possible to acheive this percentage for a "good" player, but i have my doubts. Especially over the long term. So I did some basic calculations so its easier to see without having to think about it and here is what i'm getting at:If a 25% ROI were feasible this would mean that someone who played an avg of 25 (say playing two tables at once) $20+2, 5-handed SnGs 6 days a week for a year could NET $41,000. 25 x 22=550, 550 x .25=137.5 x 6 x 50= 41250That's pretty good money, especially for such low stakes.So, i guess in turn I may have answered my own question that a 25% ROI is WAY too high. Right?So for a random sample of 1000, 5-man SnGs, it would have to look something like:250 1st, 350 2nd, 400 out of the money: in the money 60%? seems feasible?1st: $17500 2nd: $10500 Total: $28,000 Investment: $22,000 Profit: $6,0006000 / 22,000 = .273 ROI: 27.3%Maybe this is realistic and people do, do this and make good money, I guess I've just never thought about it in the long term before.If anyone has any experience that shows these numbers to be impossible or possible for that matter, like the 25% ROI or in the money 60% feel free to share or correct me.60% in the money seems high?I dunno....thoughts please?Thanks.