The high chaparral

This is the third time I've used this blog post title. Here's an excerpt from the post where I used it for the first time, on February 7th, 2014:

I never watched the western T.V. show "The High Chaparral", but I've always liked the name; it resonates with me. Playing sit and gos with the intention of making a long-term profit is an extremely ambitious undertaking; one might more appropriately call it a fool's errand :-) I hereby dub this quest my high chaparral!

When all is right in your sit and go universe, it's easy to forget how hard a task it is to make a long-term profit. Every now and then, I run up against a factoid which drives the difficulty home. Consider this: if you come in second every other sit and go you enter, you're doomed not to make a long-term profit. That's harsh, man! My results from Friday night's session set me to thinking along these lines. Had I played one more sit and to and failed to make the money, I would have had a net loss of $22,800 on the night.

buy_in entry players hands place winnings

 44000  6000       6    56     2    92400
 44000  6000       6     4     6        0
 44000  6000       6    80     2    92400
 44000  6000       6     8     5        0
 44000  6000       6    42     2    92400

delta: $27,200
Sit and go no limit hold'em balance: $4,324,200
balance: $12,366,004