I have been playing regularly for around 6 months now, and until recently have been playing the £5 DYM tournaments, my sharkscope graph was gradually going up, but with the 10% rake even if you win 5 and lose 4 you are not in any profit (well 50p). I found that I probably won around 65%-70% of these games over about 500 games, which was boosting my bankrole but only very gradually. I then started playing a few £3 tournaments and the £5 Velocity at 11.10pm every night and I have found, although you win less frequesntly, when you do actually cash it is usually for a decent amount (I finished 4th on Monday and 4th last night in the Velocity with around 120 runners each time) I have basically been playing with the same strategy as I used to some success on the DYM tables and is seems to have served me well.
So what I was wondering is:
What is a good win/cash ratio on the DYM tables when you are only doubling your money and what is a good win/cash ratio in the MTT's. Also, are the tactics employed really that different?
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If your looking for a way to make moeny then the only real consistant way is to play cash. Plenty of people get good at DYM's but like you say the return on investment is poor from them, also as the variance in MTT's is so high it's difficult to get a consistent revenue from these.
As the Great Man TIkay himself would say "It's Cash for Dough & Tournaments For Show"
When you say you cash in most deepstacks you play are you refering to ones you play on other sites?
You may go on really good runs where you cash in 5 or 6 but you can also go on really bad runs where you cash in 1 in 15 or 20.
Hi Cobbler.
DYM's = very low return, offset by very low variance.
MTT's high return when you win - very rarely = HUGE variance.
It's a simple risk/reward equation. Less risk, less reward, more risk, more reward.
You pays your money, & takes your choice.
But if you want locked up money, week in, week out, statistically, cash-games are the solution.
In football parlance, Tourneys are the FA Cup, Cash is the League.
At the moment, I started with £20 in my account, just after watching 865 and getting interested, I now have £80 and I have withdrawn about £400, including bonuses. I tend to play better/more carefully when I have £80 in my account hense the withdrawles, as before when I was getting up above £100 I was becoming a little lose and getting my balance dragged back down to £50, however, when it gets to this level and I can see I might have to put more cash in I tend to play more sensibly and can built it back up again.
At the moment, im just playing for fun, sort of treating it at the moment as half profitable hobby and half a low paid part time 2nd job I can do from home. Very enjoyable all the same.
They could probably improve on that if they played to cash but they don't they play to win.
No - 30% is NOT do-able, except as I described earlier. NOBODY can or will acheve that, nobody ever has or ever will, end of.
And, though it varies, it's morre like 10% of the field get paid in a standard, high-runner MTT. (Exclude very small fields).
I'm not trying to pour cold water on your optimism, or aspirations, but these are facts, not opinions, & it's best you know where you are, imo.
Good questions, & well done on your results to date.