Unavoidable 0th places

0th places in MTT NLHE tournaments are entirely avoidable; simply pick tournaments whose late registration periods include a break at the end, and wait for the break to begin before joining. Of course, that would be a useless strategy if there were only a small chance of making the money by adopting it, but thankfully, that isn't the case for MTT NLHEs. However, it certainly is the case for MTT Limit tournaments. For one thing, Limits generally don't include a break at the end of their late registration periods. For another, their late registration periods are considerably longer. The longer a late registration period is, the less it makes sense to join the tournament late, since that guarantees you'll be a small stack battling against mostly much larger stacks.

Upshot #1: I have to join Limits earlier than I'm used to joining MTT NLHEs

Upshot #2: I need to accept the fact that I'll register way more 0th places

I'm not even sure I can make a long-term profit on Limits, but I mean to find out.

style flavor    buy_in  entry players entries paid place winnings

MTT   NLHE       44000   6000       9     335   81    83        0
MTT   L27Lo      22000   3000       6     125   24    34        0
MTT   Stud       22000   3000       8     127   24    48        0
MTT   Razz       22000   3000       8      39    7     0        0
MTT   Stud HiLo  22000   3000       8      89   24     0        0

delta: $-150,000
2025 balance: $-632,000
2025 blue distance: $632,000
balance: $15,665,303
MTT ITM pct: 40.46 (1410 of 3485)