eNTy said:
Pretty sure playing the warmup is +ev. Just want to figure out the best way to pay for the $215 buy-in time-wise. Could be playing 100nl which would require about 7 hours. Could be playing steps, and this experiment is supposed to give me an idea of the time and $$ it requires per ticket. One thing i'm pretty sure of is that it's not through 60FPP freerolls with step2 prizes, though.
Day 4 update
Fired up another 4 steps today. 2 step1 that i bought in for $15, as well as a step2 and a step3 that i bought in with tickets. In total, that's $124 worth of buy-in.
Won the step3, got 3rd in the step2 which gives me a step2 ticket back, won a step1 and lost the other. In total, that's 2 step2 tickets and a step4 for a total return of $215+2x$27 = $269 , i.e. a profit of $145.
Overall balance is as follows:
Buy-ins: 11 step1 = $82.50
Current worth: 1 step4 ticket ($215) + 5 step2 tickets ($27) + $4.5 = $354.5
Current profit: $272
Fired up another 4 steps today. 2 step1 that i bought in for $15, as well as a step2 and a step3 that i bought in with tickets. In total, that's $124 worth of buy-in.
Won the step3, got 3rd in the step2 which gives me a step2 ticket back, won a step1 and lost the other. In total, that's 2 step2 tickets and a step4 for a total return of $215+2x$27 = $269 , i.e. a profit of $145.
Overall balance is as follows:
Buy-ins: 11 step1 = $82.50
Current worth: 1 step4 ticket ($215) + 5 step2 tickets ($27) + $4.5 = $354.5
Current profit: $272
eNTy said:
Because they do play the live events.
Because if they qualify several times for the same event, they get T$ instead.
Because the competition is softer in steps than in their regular SNGs with the same buy-ins.
Hard to say. So far i have 93% ROI over 12 step1, 68% ROI over 3 step2 and 162% ROI over 1 step 1. If i'm VERY optimistic and believe the numbers for steps 1 and 2 and use the step2 number for step3, that means i should end up with $210 x 1.93 x 1.68 x 1.68 = $1144, or about 5 step4 tickets. I'll be quite happy if I get there.
eNTy said:
Another way to look at things is that my ITM so far for step2 and 3 is 100%, so since i can either move up or get another chance at the same level, in the long run all my step2 tickets will turn into step4s. Since i got 6 step2 tickets out of 11 step1 buy-ins, that would mean 15 tickets out of 28.
I would be exceedingly surprised if this turned out to be true. 😀
Hows it going belgo? Having seen this thread motivated me to try them with a bit of success. Once I've won a step one I look at and play the rest of the rest of the steps till 4 as double or nothings, since the top 2 pay a ticket into step 4 and the other 3 are a retry.🙂
I haven't gotten up the nerve yet to play my two Step 2 tickets. I keep trying to tell myself it's a freeroll because the tickets were won in a freeroll. Maybe I need to play a couple of SnG to practice, I haven't played many of them.
Day 5 update
This isn't really moving forward too fast as i concentrate on my ring game, but anyway i played another 4 steps today, all of them step2. So that's $27x4 = $108 worth of buy-in.
Won one of them, bubbled 3rd in two which gives me back another step2 ticket, and got out early in the 4th. In total, that's 2 step2 tickets and a step3 for a total return of $82+2x$27 = $136 , i.e. a profit of $28.
Overall balance is as follows:
Buy-ins: 11 step1 = $82.50
Current worth: 1 step4 ticket ($215) + 1 step3 ticket ($82) + 3 step2 tickets ($27) + $4.5 = $382.5
Current profit: $300
This isn't really moving forward too fast as i concentrate on my ring game, but anyway i played another 4 steps today, all of them step2. So that's $27x4 = $108 worth of buy-in.
Won one of them, bubbled 3rd in two which gives me back another step2 ticket, and got out early in the 4th. In total, that's 2 step2 tickets and a step3 for a total return of $82+2x$27 = $136 , i.e. a profit of $28.
Overall balance is as follows:
Buy-ins: 11 step1 = $82.50
Current worth: 1 step4 ticket ($215) + 1 step3 ticket ($82) + 3 step2 tickets ($27) + $4.5 = $382.5
Current profit: $300
looks like your strategy just might pay off in the long run...wish i had the br to try it with ya...steps are the way to go sometimes...i have made it to a few larger tnys that way...gl to ya and if ya win the sunday mill...help a brother out lol....
Day 5 follow up
Wow, i got a taste of the other side of variance after running ridiculously hot at the start of this experiment. I played the rest of my step2 and step3 tickets. Busted out of the step3 with JJ<AK preflop. The step2s i got step2 and step1 tickets back, but lost those too, so in the end i got a return of $0 for a total buy-in of $82+3x$27=$163, i.e. a loss of $163.
Buy-ins: 11 step1 = $82.50
Current worth: 1 step4 ticket ($215) + $4.5 = $219.5
Current profit: $137
As the table below summarizes, I played a total of 26 SNGs using my 11 buy-ins. Meanwhile, I payed a ridiculous amount of rake: 14x$0.50 + 10x$2 + 2x$7 = $41
Wow, i got a taste of the other side of variance after running ridiculously hot at the start of this experiment. I played the rest of my step2 and step3 tickets. Busted out of the step3 with JJ<AK preflop. The step2s i got step2 and step1 tickets back, but lost those too, so in the end i got a return of $0 for a total buy-in of $82+3x$27=$163, i.e. a loss of $163.
Buy-ins: 11 step1 = $82.50
Current worth: 1 step4 ticket ($215) + $4.5 = $219.5
Current profit: $137
As the table below summarizes, I played a total of 26 SNGs using my 11 buy-ins. Meanwhile, I payed a ridiculous amount of rake: 14x$0.50 + 10x$2 + 2x$7 = $41
Attachments
Also, I think i'll stop the experiment there. On one hand because, tbh, I am bit bored of playing SNGs as they are just so mechanical. But also because since i now moved up to 200nl at the ring games, and thus I can now afford to buy in directly for the Sunday tournaments within the bounds of sound bankroll management.