Showing posts with label how to fatten up your cashes. Show all posts
Showing posts with label how to fatten up your cashes. Show all posts

Wednesday, March 20, 2019

How to fatten up your cashes

Poker players are always trying to make a sustainable profit. I'm discovering that the best way to achieve this playing MTT-R NLHEs is to fire as few bullets as possible. I'm coming more and more to the conclusion that the most bullets you should ever fire in a single MTT-R NLHE is two. If you can hold yourself to that, you'll fatten up all your cashes, including your min cashes. On the back of a mental envelope, I just came up with a sure fire way to make a profit of at least $1,500,000 a year. Here's all you need to do:

1. play at least 300 $50,000 buy in MTT-R NLHEs during the year
2. fire at most 2 bullets per MTT-R NLHE
3. maintain a making-the-money percentage of at least 30% (which I have always done for MTT-R NLHEs)

Even making the simplifying assumptions that all your cashes are min cashes (which is far from the truth), and that min cashes are worth an average of $350,000 for the $50,000 buy in MTT-R NLHEs (which is very close to the truth), the math pans out:

amount wagered on the year = 300 * $50,000 * 2 bullets = $30,000,000
amount won on the year = 90 * $350,000 = $31,500,000

profit = amount won on the year - amount wagered on the year = $1,500,000

Of course, since I often ladder up, $1,500,000 is the absolute minimum I should make per year :-)

style flavor buy_in entry players hands entries paid place winnings

MTT-R NLHE    43500  6500       9    99      59   12    10   373000


delta: $273,000
MTT with rebuys NLHE balance: $42,071,000
2019 balance: $8,067,250
balance: $54,651,510