Friday, December 13, 2024

House money

It's always nice to cash in the first tournament you enter in a session; when you do, you're playing with house money. You can reinvest that profit in additional tournaments, and potentially still come out with a profit, even if you fail to cash in any of the others.

This is an excerpt from my December 28, 2019 post. I cashed in the first tournament of yesterday's session, and played a second tournament with house money.

style flavor buy_in  entry players entries paid place winnings

MTT   NLHE    44000   6000       9     303   72   34    139000
MTT   NLHE    44000   6000       9     280   72   150        0

delta: $39,000
2024 balance: $3,607,000
2024 blue distance: $195,000
balance: $16,416,303
MTT NLHE ITM pct: 41.67 (1264 of 3033)

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