Sunday, January 29, 2017

The prescription for making one million a year

The prescription for making one million play dollars a year is quite simple; it has only two parts:

1. play at least 10,000 hands of MTT NLHE in the year
2. make an average of 100 play dollars a hand, taking the buy ins and entry fees into account

The first part is simple to achieve; the second is not as easy, but can be done. Last year, I played 13,389 hands of MTT NLHE, and averaged just shy of 143 play dollars a hand. If I'd stuck to just that style and flavor, I would have made a profit of 1,913,096 on the year; however, since I mucked around with other styles and flavors, and didn't do well in any of the others, I ended up with less than a million in profit. The nice thing about this prescription is that it can easily be adjusted. If you can't make an average of 100 play dollars a hand, you can still make a million by taking the simple expedient of playing more hands :-)

In 2017, I'm averaging 133 play dollars an MTT NLHE hand. If I can keep up that average, I only need to play 7,519 hands to make my million.

style flavor buy_in entry players hands entries paid place winnings

MTT   NLHE    17500  2500       6    68     376   96    79    32200


delta: $12,200
MTT NLHE balance: $2,253,748
2017 balance: $336,600
balance: $11,754,430

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