Profitability of Double-or-Nothing SnG's

RAMARAIDER said:

It's not a real double up because your buyin fee is not included.

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That's why your winrate has to be higher than 50% to make these profitable.

For the record, I cashed in 15 out of 20 in my $10.80 DoN test. So far, I'm doing worse in the $21.60 games, but I'm not sure if that's because the competition is better, I'm playing worse, or if I just have to adjust to the difference in play.

i was playing the 1.10 turbos and went 2/3, then lost 4-5 straight!

i need to go back to the .10sngs

after my last DON i decided to play a regular 9 player SNG to see if my luck would change and I finished 2nd

i think i'm going to stick with the old SNGs for now... i don't know why but i do much better in those.

If by much better you mean you played one and got second ?
Then by all means go ahead

PokerVic said:

That's why your winrate has to be higher than 50% to make these profitable.

For the record, I cashed in 15 out of 20 in my $10.80 DoN test. So far, I'm doing worse in the $21.60 games, but I'm not sure if that's because the competition is better, I'm playing worse, or if I just have to adjust to the difference in play.

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So you made $84 more or less in profit on those 20 double or nothings. I dont know whether thats good or bad. What kind of bankroll are you working with?

For not a whole lot of work I'd say that's good

Well I had a bash at these. $5.40 tables. Won 2 lost 3.

In the 3 I lost I was way ahead most of the early stages with 2500-3500 chips. The trouble is invariable everyone else gradually catches up. The play is generally tight with a lot of mixed in all-in bluffs which you can't call without a premium hand.

Four of the games simply ended up with 6 people all with chips ranging from 1500-3500. The chips just moved back and forth between the players with no-one really getting anywhere. The blinds creep up and it just becomes a shove-in and bluff fest. You raise with any Ace or pair. It's like heads up but with 6 people.

Skill involved = pretty much none at all. It's in the lap of the card Gods.
Of my 3 losing games 1 was lost with my all-in raise of KK which was beaten by AA (q'uell suprise ). Another was lost with my AQ getting beaten by AK, and the third lost to a 2 outer flush.

In short, no different to any other games on FT or PS. Same crazy dealing.

Overall I wasted some 2-3 hours on these 5 games and lost money. I can't see that they will really make anyone good money unless the cards really favour you. if there is a doomswitch then maybe there is the opposite, a Luckswitch for some people, who knows?

Bottom line here I think is you will win a few, lose a few, and it will be a long haul for most. All the time the site leeches your BR away in rake.
Great design games for them, not so good for us.

Just my opinion

I think these are not very profitable when you don't MT them.
But yeah the bubble thing sux when everyone is super tight and the shortstack always seems to double, making someone else the short, who then doubles some time later ..

gnk2727 said:

So you made $84 more or less in profit on those 20 double or nothings. I dont know whether thats good or bad. What kind of bankroll are you working with?

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Well, it's pretty good. That translates to about $3/hr (games average 50 minutes). I play 4 at a time, which bumps it to $12/hr. I'm actually rolled to play the $20 or higher games, but I wanted to see what kind of rate I'd be looking at.

If anyone's interested, my win-rate plummeted to 50% over 20 of the $21.60 DoNs. Make of that what you will.

Well I just played my first games at the $5.20, went 5/8, so not too bad. I'll probably be finished with 100 games by the end of the weekend, at the latest the middle of next week cause I got some family stuff this weekend. There's certainly a very large leap going from the $1 to $5, people certainly understand a little bit that the best strategy is to play really tight. I think from here on out I might actually have to invest some time in to solving these things in order to keep a high ROI. Obviously 8 games is way to small to draw any real conclusions (I'm sure 1 a.m. EST on Thursday morning isnt exactly the best time to play), but just keeping you updated.

I am now 5-8 in these things... I keep going back cuz I am getting taken out on bad beats and I wanna at least end up in the green in these things (I know, very stupid thinking). AA got taken down by 56 from a big stacker. Then my last one I was down to 5 BBs so I came over the top of the BTN raise with JJ. He had 44. I still lose.

These things are hard to play becase they come down to one or two hands usually. And if you get unlucky with a big hand. That's it. If you get lucky early on getting nice cards, then you are probably safe. Otherwise it's hard.

I've just started playing these the last couple of weeks after running quite bad in the regular sit n gos recently.
I've always only played regular sit n gos in the past but just decided to give it a try.

I'm up $695 over just under 400 $10.40 turbos, multitabling 7 tables, which has averaged at about $13 per hour.

These seem really profitable, on first impression better than regular sit n gos for sure, and I like the fact that variance is at a minimum.

I'm going to hopefully move up to the $20,$50 and $100 if possible but gonna stick with the$10s atm and see if I can sustain this winrate.

The problem with the DoN's is that the rake wrecks you over time...the advantage of playing other SnGs is that a win might give you a better ROI in the long run. With the DoNs you re always chasing the rake.

edgie212 said:

The problem with the DoN's is that the rake wrecks you over time...the advantage of playing other SnGs is that a win might give you a better ROI in the long run. With the DoNs you re always chasing the rake.

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Well you just have to win about 60% of the DoNs and you will gain profit and the rake shouldn't affect you too much. I don't play DoNs anymore I prefer other sit and goes and MTTs because I prefer the bigger payout at the end.

Another two year old thread resurrected...