Thursday, April 9, 2009

Not bad

I won 2 of 10 and placed 4th once, for a total of 9 units. A couple of times focus became an issue.

Buy ins: $17.50
Cashes: $24.30
Profit: $6.80
ROI: 39%

I can do better. I think I need to keep playing these and not step out of this zone unless there is a very good reason, and I've planned on it. For instance, I want to play one of the SCOOP Limit O8 events, but I don't know about the timing. I have stuff to get done tomorrow.

After I get to where I am slaughtering these, I'll move up to the $3.40. The rake isn't quite so bad there. 16.67% for the 1.50 + .25 vs 13.33% for the 3.00 + .40.

I've got to get to where I'm multi-tabling at least 3 of these tournaments at a time if I expect to get a decent return on my time. I'm gonna put it at about 10 hours for the tourneys I just ran, for $0.68/hr. Eww. If I can triple that by running 3 at a time, and double it for jumping up to the 3.40 tournaments, that's about $4.00/hr. Still not great, but I should be able to get better payouts than I currently am.

If I can get 1 unit/tournament it'll look like this, I'm using 4 hours for my time investment:

1.75 tourneys=9.50 profit. $2.375/hour (2.50 in rake)
3.40 tourneys=20.00 profit $5.00/hour (4.00 in rake)
16.00 tourneys=110.00 profit $27.50/hour (10.00 in rake)

I don't think these numbers are unreasonable. I need to walk my way up the ladder doing this, though. Variance is gonna be a mother.

Z

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