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View Full Version : Calculating my ROI


masterblaker
07-28-2004, 03:14 PM
I have been playing at ultimatebet.com for the past two weeks now. I no that I am not a good poker player, but I don't believe I am the worst either.

I have just started keeping track of my sng wins and losses. I have 110.00 dollars set aside for it. I just finished my 10th sng and here are the results.

1-First
3-second
1-third
5-not in the money

I finished fourth 3 of those times early on, but after reviewing my middle stage strategy I started doing better. I feel that if I stay focus I normally finish in the money. But when friends are around or late at night I slip a little. However, sorry for rambling. But with the above results could someone tell me my roi and how to calculate it. I read that it needs to be between 20 and 40 percent. All of the tourneys are 10+1 tourneys. Thanks for helping out a new guy.

Masterblaker

BrettK
07-28-2004, 03:23 PM
The total amount invested is $110. The total amount earned is $160($50x1 + $30x3 + $20x1). Your profit is $50($160 - $110). Your ROI(Return On Investment) is your profit over your investment, which is $50/$110(5/11), or 45.45%. This is excellent, but with such a small sample size, you can't really have any confidence whatsoever in the number.

Brett