Monday, August 27, 2012

First tournament million

Last night, I reached another milestone - I've now hit the million dollar mark in tournament winnings. It might seem a little strange that I reached it only after making my fastest million ever, also in tournament winnings, but there's a simple explanation. When measuring fastest million, only two numbers matter - the balance at the beginning of the streak and the balance at the end. When measuring overall winnings, every delta contributes to the total. At the start of my fastest million, I was deep in the red in tournament winnings, to the tune of $-679,160. Six sessions later, I'd won $1,265,650, qualifying that streak for my fastest million; however, that only got my tournament winnings up to $586,490 - well shy of the one million mark.

With last night's result, I've actually lowered my fastest million record to 5 sessions. It's conceivable I could lower the record to one session, if I moved up to the $200,000 buy in tournaments and had a good night. However, I don't want to mess with a good thing; I'm killing these $50,000 buy ins and will keep doing so as long as I can.

buy_in entry_fee num_players num_hands place winnings

 50000       800           6        59     2   105000
 50000       800           6        61     1   195000

delta: $198,400
tournament balance: $1,043,890
balance: $6,174,621

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