Originally posted by jass1960
100 Tournaments
8 Knocked out because of stupidity
26 ITM
26 Final Table
7 Bubble Boy
8 Win
ROI + 89%
Entry Fees $237.74
Winnings $450.01
Profit $212.27
Jass ♦
So those were the basic figures but what is more interesting is what I learnt in the first 100 tournaments.....
And of course the leaks.....
Leak 1 - Cash Games
Since I started playing in April (with my Pokerstrategy $50 :P) this is far and away my biggest leak. I keep trying cash games... and failing miserably.
Tournaments Profit $883
Bonus and Rakeback $270
Cash Game Losses $589
Overall $563 ♠_biggrin:
Leak 2 - Choice of tournaments
I had absolutely no strategy when it came to choosing what tournaments to enter - as long as it was within my BRM I was in - MTT, Rush tournaments, SNG, Full & Short ring, 1 table Tournaments, Double Ups; Turbos & Superturbos; You name it I played it (except Heads Up).
Only by starting this thread and analysing my results properly have I settled on a coherent strategy.
MTT (300-500)
180 SNG
Qualifier for 200k Double Deuce
The latter is generally 40 player strong with top 3 qualifying (next 2 get cash). Buy in is $2.20 and as soon as I qualify I de-register and use the tournament dollars to fund MTT and SNG buy-in.
That has been a sound strategy.........
Entries 23
Entry Fees $50.60
Won Tournament Dollars $154.00
Won Cash $18.60
Total Profit $122.00 ♦
So I have stopped playing rush tournaments/Rebuys and other assorted tournaments where I have been leaking my profits away.
Leak 3 - Stupidity
Variance will always play a part in poker - bad beats, coin flips etc... but I have found that by cutting out stupid mistakes - which I will never do entirely - I can make a huge difference to my bottom line.
I have spent a lot of time seeing where I went wrong in tournaments and chasing early profit with poor hands was a terrible leak - I Have virtually cut that out and I go deeper into tournaments. Virtually all my profit this time was in the last 30 tournaments and 80% of stupid mistakes in the first 30.
Cheers Jass