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Mar 31,2011, 06:12 PM
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#16 | | Looking for a coach
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Originally Posted by trigs  what do you consider a good ROI for MTTs?
and what do you consider a good sample size of tournaments?
i've read various opinions online and i'd like to hear yours as well. | The volatility in tournaments is out of sight.
To answer your question you need to calculate your standard deviation.
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Mar 31,2011, 06:40 PM
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#17 | | Forum Troll - Admin Style | Quote:
Originally Posted by trigs i don't think that i agree that most successful live professionals are just running hot if that is what you are suggesting. | Live pro ran good in that they were good at the right time, or ran good at the right time so they can carry their fame from on the felt to make income off the felt
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Apr 01,2011, 06:43 AM
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#18 | | Full PFC Member
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Posts: 983
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Originally Posted by Richard~ Why not? have you heard some of these guys playing shorthanded shortstacked on poker after dark lol | again, you are referring to only a select group of famous players. so obviously i am not referring to such a select group. therefore, i do not agree with your suggestion as it relates to my original comments.
my original comments aside, yes i completely agree with you that there are famous players that suck ass at poker.
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Apr 01,2011, 06:44 AM
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#19 | | Full PFC Member
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Originally Posted by ReefAquarium The volatility in tournaments is out of sight.
To answer your question you need to calculate your standard deviation. | this would seem to be more on the ball.
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Apr 01,2011, 06:50 AM
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#20 | | Full PFC Member
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maybe i'm asking the wrong question (even though i think it's a valid one).
for the MTT players on this site, what stat(s) do you use to gauge the level of your tournament success? do you even use one or do you just look to your profit and nothing else?
i've normally read that ITM and ROI are what MTT players look at, but that could be up for debate.
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Apr 01,2011, 07:17 AM
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#21 | | Looking for a coach
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Originally Posted by trigs this would seem to be more on the ball. | So what's your standard deviation?
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Apr 01,2011, 07:41 AM
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#22 | | Full PFC Member
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ITM means nothingish. It might mean something if it's 35% or 3%. Winning players have long-term ITM of anywhere from 10-20% as fairly standard, I think 15% is kind of the average. I've heard of people having ~5% itm with 3% final table though, so I mean ITM doesn't really say a ton.
ROI is def the best indicator but the variance is so high that it'd difficult to know for sure what it is. I'd say >50% roi is what you should strive for.
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Apr 01,2011, 10:05 AM
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#23 | | Untapped Future Greatness
Join Date: Jul 2008 Location: Edmonton
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Originally Posted by Vekked ROI is def the best indicator but the variance is so high that it'd difficult to know for sure what it is. I'd say >50% roi is what you should strive for. |
Hope this is only what we're striving for, and not what we have.
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Apr 01,2011, 10:45 AM
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#24 | | Full PFC Member
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Originally Posted by T8urmoney Hope this is only what we're striving for, and not what we have. | Haha, also I should say that your ROI will depend a lot on your volume. People with >100% roi long-term are usually low volume players who crush, but some of the players with the highest profits might have around 20-30% roi but put in heaps of volume.
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Apr 01,2011, 02:55 PM
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#25 | | Full PFC Member
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Originally Posted by ReefAquarium So what's your standard deviation? | (i'm only referencing my stats for this year)
ROI = 38.25%
ITM = 23.68%
Standard Deviation (profit) = 19.83
Standard Deviation (ROI) = 596.09
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Apr 01,2011, 05:52 PM
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#26 | | Full PFC Member
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How do we find out our SD?
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Apr 02,2011, 08:42 AM
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#27 | | Full PFC Member
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Originally Posted by Vekked How do we find out our SD? | i was lazy and just used an online calculator that can be found here. just write in all your results.
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Apr 02,2011, 09:49 AM
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#28 | | Full PFC Member
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Originally Posted by trigs i was lazy and just used an online calculator that can be found here. just write in all your results. | Whoa, like all your results ever? I don't get it, lol.
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Apr 02,2011, 11:06 AM
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#29 | | Looking for a coach
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Originally Posted by ReefAquarium The volatility in tournaments is out of sight.
To answer your question you need to calculate your standard deviation. | Quote:
Originally Posted by trigs (i'm only referencing my stats for this year)
ROI = 38.25%
ITM = 23.68%
Standard Deviation (profit) = 19.83
Standard Deviation (ROI) = 596.09 | So you can conclude that about 19 times out of 20 you can get a result within two standard deviations of your mean.
As I said earlier, The volatility in tournaments is out of sight.
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Apr 02,2011, 11:56 AM
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#30 | | Full PFC Member
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Originally Posted by Vekked Whoa, like all your results ever? I don't get it, lol. | yeah, all your results. i put in my results for this year only (which took a while).
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