Tuesday, July 26, 2016

The razor thin SNG profit margin

I've now played 1,438 sit and go no limit hold'em tournaments. I've come in first 251 times, and second 313 times. That means I'm making the money at a 39.22% clip. That seems like it should be excellent, but in fact it's just barely over the SNG profit line, given the expensive PokerStars entry fees. Had I played all 1,438 of these tournaments at the $44,000 buy in level, which has a $6,000 entry fee, my profit would have been a meager $92,800. My ROI would have been a minuscule one tenth of one percent. These harsh numbers certainly give me pause. If PokerStars ever increases their entry fees again (which they've already done twice that I know of), it would be financial suicide for me to continue playing sit and gos. As it is, it's still pretty much of a fool's errand. That said, I really like playing sit and gos, and I really like the action, so I'm just going to keep playing them. Damn the torpedoes, full speed ahead :-)

style flavor buy_in entry players hands place winnings

SNG   NLHE    44000  6000       6    22     6        0
SNG   NLHE    44000  6000       6   119     1   171600
SNG   NLHE    44000  6000       6    24     5        0
SNG   NLHE    44000  6000       6    52     3        0


delta: $-28,400
Sit and go no limit hold'em balance: $3,007,240
balance: $10,560,329

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