From May 1st to May 31st I’m going to turn £100 of my own money into £200 on the Sky Poker tables. Will you, like me, be aiming for a Return on Investment (ROI) of 100%?
I know you've simplified this for sake of keeping things simple, but 100% ROI means you never lose a game. Return On Investment is calculated from the profit divided by the TOTAL INVESTED (i.e. the sum of every buy-in). That's a major mistake, especially for any newbies reading this.
shame this hadnt strtd earlier,have gone from zero to 30 quid in the las week and a half..admittedly hafter winning 14p in a freeroll had to use roulette to get to 50p so cud atleast play a game of poker.lol...hmm, 30 pound to 130,sounds unlikely for me,up and down like the proverbial...giv it a go tho..gl all.
This sounds a good idea Rich, count me in will load £100 in sky poker and see if i can get to £200 for a ROI 100% Also I am going to try and qualify for MTT's using my bankroll and still have the 100% ROI come 31st May.
Question - are cash for points awards excluded from this? At some pointin May people will receive their April payment. Posted by luvBWFC
Hello mate- yes, for the purposes of keeping it simple- we're NOT counting cash for points bonuses towards our totals.
Otherwise, a player who played loads in April and is aiming to get his bankroll up by £30 in May, might complete the challenge in one go when his bonus comes in! Kind of defeats the object doesn't it?
I couldnt wait till the first, so my months challenge will have started on the 27th. Ive not been too strict on the BRM either! Hero or zero for me! So i started today with £100. Won a £5 entry £250 guaranteed for £100 Played 3 £20 husngs, and won 2 Played a £50 dym and cashed. So im now on £254. Im sorry i couldnt wait till the 1st, but its a decent start to my challenge. Only another £746 to go! Posted by dantb10
Lol- that's cheating Dan!
Gotta start on May 1st- besides I reckon you'll get up to £1000 before then anyway. So, think of this as preparation for the real deal!
In Response to ROLL UP, ROLL UP FOR ORFORD'S MAY BANKROLL CHALLENGE! : I know you've simplified this for sake of keeping things simple, but 100% ROI means you never lose a game. Return On Investment is calculated from the profit divided by the TOTAL INVESTED (i.e. the sum of every buy-in). That's a major mistake, especially for any newbies reading this. Posted by FishingPhi
Fair point FishingPhi- Return on Bankroll it is then. Although I suspect most people will still call it ROI, you have gained a moral victory!
Plus, I''ve learned something new there, so thankyou.
Not exactly set myself a target, but in 3 sessions i've more than tripled my £50 roll into £180. Been playing .15/.30, so I can't say i'm adhering to any sort of Bankroll Management Strategy, but it's a neat little return to form
Been having a little practice at work before the big start day on sat and up 10% for the day so far!! only prob is work gets in the way sometimes!!!!!!
In Response to ROLL UP, ROLL UP FOR ORFORD'S MAY BANKROLL CHALLENGE! : I know you've simplified this for sake of keeping things simple, but 100% ROI means you never lose a game. Return On Investment is calculated from the profit divided by the TOTAL INVESTED (i.e. the sum of every buy-in). That's a major mistake, especially for any newbies reading this. Posted by FishingPhi
Strictly speaking, I think that you are incorrect. This would only be true if the maximum that you could win from any individual game was double your stake (including rake).
As an example, if you played two £10 buy-in games and made £20 profit in one and lost in the other, you would have a 100% ROI as I understand the term. As the term is used on sites like Sharkscope this would also give an average ROI of 100%.
However, I think we are all agreed (and newbies readily grasped) that Rich is using the term in the sense of the bankroll that each person is nominating for the start of May.
In Response to Re: ROLL UP, ROLL UP FOR ORFORD'S MAY BANKROLL CHALLENGE! : Strictly speaking, I think that you are incorrect. This would only be true if the maximum that you could win from any individual game was double your stake (including rake). As an example, if you played two £10 buy-in games and made £20 profit in one and lost in the other, you would have a 100% ROI as I understand the term. As the term is used on sites like Sharkscope this would also give an average ROI of 100%. However, I think we are all agreed (and newbies readily grasped) that Rich is using the term in the sense of the bankroll that each person is nominating for the start of May. Posted by MereNovice
Strictly speaking, FishingPhi, in the Post above, is correct. However, I think we all know what Rich means - it's actually return on "Return on Bankroll". Welcome to "RoB". Posted by Tikay10
Yeah, most of us know what he means but comments like that could easily lead newbies up the garden path and i would expect better from an "advisor". Could you imagine what would happen to those poor souls if they posted on a forum like 2+2: "i've got a 600% ROI"...
PS. Apologies for being first out of TKO last night. In hindsight, jamming AK into an already raised pot was perhaps not my best ever poker decision.
In Response to Re: ROLL UP, ROLL UP FOR ORFORD'S MAY BANKROLL CHALLENGE! : Yeah, most of us know what he means but comments like that could easily lead newbies up the garden path and i would expect better from an "advisor". Could you imagine what would happen to those poor souls if they posted on a forum like 2+2: "i've got a 600% ROI"... PS. Apologies for being first out of TKO last night. In hindsight, jamming AK into an already raised pot was perhaps not my best ever poker decision. Posted by FishingPhi
I don't think that Rich would consider himself an "advisor" whether it be in inverted commas or not. I also think that newbies are far clearer about the definition of this challenge than you are.
I imagine that people on "2+2" would be impressed with a "poor soul" who posted that they had an (average) 600% ROI. It would show a very impressive win rate or possibly just one lucky big cash in an MTT in a small sample of results.
In Response to Re: ROLL UP, ROLL UP FOR ORFORD'S MAY BANKROLL CHALLENGE! : Yeah, most of us know what he means but comments like that could easily lead newbies up the garden path and i would expect better from an "advisor". Could you imagine what would happen to those poor souls if they posted on a forum like 2+2: "i've got a 600% ROI"... PS. Apologies for being first out of TKO last night. In hindsight, jamming AK into an already raised pot was perhaps not my best ever poker decision. Posted by FishingPhi
If you're looking for an advisor on how to donk off your entire bankroll or how to forget where your car's parked, then Richard's your man...if not, he's TV presenter and recreational player so there's no need to get nit picky! :-)
Im gna start with £100 too and try and double it up Rich but im gna play the dym sit n gos and other sit n gos... dont really like cash get too involved! Hope we can both do it!
The Last Poet cannot pass the offer I will try to double the amount in my coffer From 25 pounds to 50 in thirty days DYM or Cash to do it there are many ways
I don't think that Rich would consider himself an "advisor"
I (wrongly) assumed that as a presenter, he would have an above average knowledge of poker. Never assume anything. :-)
I also think that newbies are far clearer about the definition of this challenge than you are.
I was just pointing an obvious mistake that could mislead others. How is your comment even relevant to what i said?
I imagine that people on "2+2" would be impressed with a "poor soul" who posted that they had an (average) 600% ROI. It would show a very impressive win rate or possibly just one lucky big cash in an MTT in a small sample of results.
2+2 is quite famous for its good advice AND its general mauling and ripping apart of "amazing" statistics. The general opinion is that small samples and short term results are irrelevent...but i don't think anybody would be particularly upset with a big win or two, regardless of anyone else's opinions. lol.
I hope that this helps clarify matters for you.
There was nothing to clarify. Go pick your fight with someone else.
Ok, I'll bite. However, my challenge will be two fold.
First, normal BR challenge. £500 into £1500. Big task but I'll have a pop at it. I can do this challenge at any time in the month of May
Second challenge. £200 into £500. However this challenge will only take place between the hours of 8pm and 11pm, can only be cash, only on Saturdays, the tables must have little 'TV' icons by them in the lobby and the general public can laugh at me in some instances. And I challenge my fellow TV tarts Darich, Machka, Dohhhhhh and any others who fancy it to have a go also. It's the May Mastercash 'I'm on TV I am Mum' Macho Marathon.
Both Bankrolls will be independently recorded and reported for all of your funny bone needs.
Comments
Strictly speaking, FishingPhi, in the Post above, is correct.
However, I think we all know what Rich means - it's actually return on "Return on Bankroll".
Welcome to "RoB".
Also I am going to try and qualify for MTT's using my bankroll and still have the 100% ROI come 31st May.
Roll on Saturday so this challenge can begin !
Barry
Otherwise, a player who played loads in April and is aiming to get his bankroll up by £30 in May, might complete the challenge in one go when his bonus comes in! Kind of defeats the object doesn't it?
Gotta start on May 1st- besides I reckon you'll get up to £1000 before then anyway. So, think of this as preparation for the real deal!
Plus, I''ve learned something new there, so thankyou.
Not exactly set myself a target, but in 3 sessions i've more than tripled my £50 roll into £180. Been playing .15/.30, so I can't say i'm adhering to any sort of Bankroll Management Strategy, but it's a neat little return to form
This would only be true if the maximum that you could win from any individual game was double your stake (including rake).
As an example, if you played two £10 buy-in games and made £20 profit in one and lost in the other, you would have a 100% ROI as I understand the term. As the term is used on sites like Sharkscope this would also give an average ROI of 100%.
However, I think we are all agreed (and newbies readily grasped) that Rich is using the term in the sense of the bankroll that each person is nominating for the start of May.
PS. Apologies for being first out of TKO last night. In hindsight, jamming AK into an already raised pot was perhaps not my best ever poker decision.
I don't think that Rich would consider himself an "advisor" whether it be in inverted commas or not.
I also think that newbies are far clearer about the definition of this challenge than you are.
I imagine that people on "2+2" would be impressed with a "poor soul" who posted that they had an (average) 600% ROI. It would show a very impressive win rate or possibly just one lucky big cash in an MTT in a small sample of results.
I hope that this helps clarify matters for you.
The Last Poet cannot pass the offer
I will try to double the amount in my coffer
From 25 pounds to 50 in thirty days
DYM or Cash to do it there are many ways