Only the spin can save me

Counting last night, I've now played 59 spin and gos. Here's my place count to date:

1  22
2  19
3  18

If the first place prize for a $10,000 buy in were restricted to $20,000, I would have lost $150,000 so far. However, I've only lost $10,000. What does this tell me? Two things:

1. without the spin occasionally bumping up the first place prize amount, spin and gos would have no profit potential whatsoever
2. even with the spin, spin and gos may be a losing proposition

Actually, there's a third thing :-)

3. I never would have played that many spin and gos if I didn't enjoy playing them

style flavor buy_in entry players hands place winnings

Sp&Go NLHE     9200   800       3    11     3        0
Sp&Go NLHE     9200   800       3    48     1    40000
Sp&Go NLHE     9200   800       3    35     1    40000
Sp&Go NLHE     9200   800       3    40     1    20000
Sp&Go NLHE     9200   800       3    13     3        0
Sp&Go NLHE     9200   800       3    45     2        0
Sp&Go NLHE     9200   800       3    17     3        0
Sp&Go NLHE     9200   800       3    41     1    20000
Sp&Go NLHE     9200   800       3    38     2        0
Sp&Go NLHE     9200   800       3     8     3        0
Sp&Go NLHE     9200   800       3    38     1    20000
Sp&Go NLHE     9200   800       3     3     3        0
Sp&Go NLHE     9200   800       3    38     1    20000
Sp&Go NLHE     9200   800       3    25     1    20000
Sp&Go NLHE     9200   800       3    20     3        0
Sp&Go NLHE     9200   800       3    20     3        0

delta: $20,000
Spin & Go no limit hold'em balance: $-10,000
balance: $7,191,664