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What volume do need to make with mtt`s
Wappie
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December 29, 2014 - 8:47 am
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Hi guys,

 

I`m reading on other forums people who are setting there mtt goals for 2015.

 

There is a guy, who want to make a challenge, 12k$ in 12 months, and he`s planning that he will play artound 15000 mtt (max 8$ buy-in).

 

Personal I dont agree as setting an amount $$$ as a goal, but what I ask myself is, do we really need play that mutch as volume?

 

so say 15000:52(weeks)= 288. 288:5(days)= ~57 a day, is this possible or necessary?.

 

How people like this can play solid poker with so many tables at 1 time? ofcourse not all 57 on the same time, but yea.

 

My main question is, do people need to make sooooo mutch volume to possible make a living or earning a profit out of mtt`s??.

hawkeyeK9
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December 29, 2014 - 12:13 pm
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Hey Wappie. I am not a pro but thought I would comment if you don’t mind. Volume is obviously a good thing in mtt poker, though it is only good up to the point where it does not affect level of play. So it depends on how good the player is along with how much time they have and how good they are at multi tabling at one time. I would assume the person that posted the goal you mentioned is a young person without a job but somewhat of an amateur at that stake. I bet they encounter some hardships with their personal goal.

Wappie
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December 29, 2014 - 1:44 pm
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hawkeyeK9 said:

Hey Wappie. I am not a pro but thought I would comment if you don't mind. Volume is obviously a good thing in mtt poker, though it is only good up to the point where it does not affect level of play. So it depends on how good the player is along with how much time they have and how good they are at multi tabling at one time. I would assume the person that posted the goal you mentioned is a young person without a job but somewhat of an amateur at that stake. I bet they encounter some hardships with their personal goal.

You`re welcome!!:)

 

I was thinking if it make sence to put time in mtt, cause in my sessions I only play max 4 or 5 tables at the time.

If I play more then I transform to an random button clicker, 4+ tables I cant make good postflop decisions.

 

So the story about that guy, gave me the impression that I lack somekind of skill.

 

I dont have the intention to go pro.

 

But to play and win 0,10$ on average a hour, then I prefer to go  grocery shopping with my wife 🙂

Foucault

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December 29, 2014 - 5:33 pm
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If you have a 50% ROI in $8 MTTs, then you average a profit of $4 every time you enter one. And if you play for an average of 2 hours in those same tournaments, then your hourly rate in each tournament is $2. If you can play 4 at once and maintain that ROI, then you earn $8/hour.

How many you “need” to play depends on what you estimate your ROI to be and how much you need to make per hour to make it worthwhile.

Wappie
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December 29, 2014 - 6:57 pm
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If you have a 50% ROI in $8 MTTs, then you average a profit of $4 every time you enter one. And if you play for an average of 2 hours in those same tournaments, then your hourly rate in each tournament is $2. If you can play 4 at once and maintain that ROI, then you earn $8/hour.

How many you “need” to play depends on what you estimate your ROI to be and how much you need to make per hour to make it worthwhile.

Thanks for your answer,

But an 50% ROI is nearly impossible cause the variance.

I think if there was a player who would play “perfect” poker then 50% ROI would not be achievable.

Or do I get this wrong?

Money is not my main reason I play poker, I love poker and to be competitive, but it would bercertainly be nice if in the end of the month so profit result are there.

Foucault

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December 29, 2014 - 11:27 pm
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I'm not sure I understand your question here. Variance has no effect on your theoretical ROI. When you ask in your OP “do we really need to play that much volume?” what do you mean?

Wappie
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December 30, 2014 - 5:24 am
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Foucault said:

I'm not sure I understand your question here. Variance has no effect on your theoretical ROI. When you ask in your OP “do we really need to play that much volume?” what do you mean?

Yea sorry, my english is not that great.

 

I try to say/ask if someone planning to go (semi)-pro on that buy-in level, does somebody need to put in that mutch volume to make a (decent)profit.

 

Somthing like quantity over quality?

 

Cause I just cant get it if someone plays ~57 tournaments that, he/she can make decent decisions+ the time is left in 24 hour day to check hand reviews and pluggin leaks.

joelshitshow
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December 31, 2014 - 2:11 pm
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Volume reduces variance. If you really have a 50% ROI, then you have a 50% ROI. Sometimes you will still lose. (But all things being equal you will have losing sessions less often than someone with a 5% ROI.)

Two things can lower your optimal ROI: Playing too many tables and playing too high of stakes. In the first case, you will miss spots because your attention is too diverted. In the second, the quality of play is higher.

And then of course the idea of calculating your ROI is something else. There are plenty of tools that can help you determine it, but it’s hard to come up with something usable unless you have a large sample.

Here’s a different example of the concept: I can make money doing nitcast stuff, like Dumpster diving for coupons and visiting the supermarket every day to buy half-price expired groceries. But, is my time worth it and would I make more money if I had gone to work instead?

You kind of touch on this when you talk about how a long-term expected return of 10 cents per hour 🙂 It’s like being a scratch golfer. You can hold your own, but it’s not your career. When I count cards in blackjack, I’m just trying to offset the house advantage, so I only use a 1-6 spread. I’d rather get the entertainment than try to earn a living wage because the risk of getting caught isn’t worth it to me.

Anyway, I know this response is kind of all over the place. Hope it’s helpful.

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