Wednesday, March 20, 2019

How to fatten up your cashes

Poker players are always trying to make a sustainable profit. I'm discovering that the best way to achieve this playing MTT-R NLHEs is to fire as few bullets as possible. I'm coming more and more to the conclusion that the most bullets you should ever fire in a single MTT-R NLHE is two. If you can hold yourself to that, you'll fatten up all your cashes, including your min cashes. On the back of a mental envelope, I just came up with a sure fire way to make a profit of at least $1,500,000 a year. Here's all you need to do:

1. play at least 300 $50,000 buy in MTT-R NLHEs during the year
2. fire at most 2 bullets per MTT-R NLHE
3. maintain a making-the-money percentage of at least 30% (which I have always done for MTT-R NLHEs)

Even making the simplifying assumptions that all your cashes are min cashes (which is far from the truth), and that min cashes are worth an average of $350,000 for the $50,000 buy in MTT-R NLHEs (which is very close to the truth), the math pans out:

amount wagered on the year = 300 * $50,000 * 2 bullets = $30,000,000
amount won on the year = 90 * $350,000 = $31,500,000

profit = amount won on the year - amount wagered on the year = $1,500,000

Of course, since I often ladder up, $1,500,000 is the absolute minimum I should make per year :-)

style flavor buy_in entry players hands entries paid place winnings

MTT-R NLHE    43500  6500       9    99      59   12    10   373000


delta: $273,000
MTT with rebuys NLHE balance: $42,071,000
2019 balance: $8,067,250
balance: $54,651,510

No comments:

Post a Comment