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TomCollins
04-04-2005, 12:17 AM
Supposing you are good enough to beat the Step 5's, I'd imagine your long term win rate can't be too high (5-10% ROI?) What would be an adequete bankroll if you strictly played Step 5's? Is a 10% ROI too high for a great player? Too low? I have only played in 3 of them, but I was not impressed by the quality of play. 3 is way too small of a sample size, of course. But I see the same people playing these non-stop.

adanthar
04-04-2005, 12:33 AM
I would say that an ROI of over 10% long term is extremely difficult to impossible to accomplish in these.

Bankroll size...tough to say. The swings are immense and I hear it's extremely possible to drop well over 25K over a very short period of time if you multitable them. If you're a 2% winner and don't know it you'd better have a roll in the six figures.

The 2 tables, on the other hand...

Maulik
04-04-2005, 12:58 AM
can someone please tell me what's a Step 5?

microbet
04-04-2005, 01:07 AM
$1000 + $65 tourneys. I guess they come in 1 or 2 tables. There are Step tourney 1-5. In a Step 1 you can win a seat to a step 2 and so on. I think the Step 1's are $11, but you can check on Party.

Someday maybe I'll see you up there. We can race. I think I'm one level ahead of you, but I don't play many games per month so you can catch me easy.

Edit: I just saw your other post and see you've caught me already. Remember us little people when you make it big.

raptor517
04-04-2005, 01:51 AM
i wanna 8 table the step 5s.. just think about RAKEBACK!!! i mean, if you are a break even player.. you still bank. 3uo

The Yugoslavian
04-04-2005, 01:54 AM
PROFIT BITCH!

Yugoslav

curtains
04-04-2005, 01:59 AM
You can't 8 table the $1065s right now, because they are only on the Party skin, right? Would be tough to figure out what to do. You couldnt play 4 $1ks and 4 $200s, thatd be too absurd. Maybe someday they will make regular $500 sit and gos?

The Yugoslavian
04-04-2005, 02:21 AM
[ QUOTE ]

You can't 8 table the $1065s right now, because they are only on the Party skin, right? Would be tough to figure out what to do. You couldnt play 4 $1ks and 4 $200s, thatd be too absurd. Maybe someday they will make regular $500 sit and gos?

[/ QUOTE ]

You want 8 tables on the Party STEP 5s? I can get you 8 tables. There are ways, dude, you don't wanna know about it but believe me.

Hell, I can get you 8 tables on the Party STEP 5s by 3 o' clock this afternoon.....with rakeback.

Yugoslav

adanthar
04-04-2005, 10:40 AM
[ QUOTE ]
You couldnt play 4 $1ks and 4 $200s, thatd be too absurd.

[/ QUOTE ]

Some people do.

TomCollins
04-04-2005, 04:38 PM
It's hard to believe that 10% is the top. Now, I have only played in 3, and got 1st, 4th, and 8th(bad beat of course). My friend has played in 11, cashed in 7, and ROI of 37%. Granted, we are probably running well, but it's not like the competition is that great. I'd say a ROI of 20% seems reasonable for a world class player.

Let's assume you are ITM 50%(12.5% each way) of the time as well (since 40% are paid, this is not unreasonable). Let's also assume a 10% ROI.

Based on some initial simulations, I produced the following results:

Simulation Description: Start with $X. Get 1-2-3-4 each 12.5% of the time. Play until bankroll reaches $1 million or less than $1065. ($1 Million is an obvious safe point). I ran each simulation 1000 times. This is based on a 17% ROI (obviously high). I can change it if needed.

Bankroll of: Success Rate:
$1065- 13.9%
$2130- 26.9%
$5325- 56.8%
$10650- 83.9%
$15795- 92.9%
$21300- 97.4%
$31950- 99.7%

I'll run the numbers with some other changes to % cashing.

Anyone have some suggestions?

Edited-

Just ran it on a 11% per place and 12% per place for ROI of roughly 3% and 10% ROI.

3% needed 150k bankroll for 99% confidence
10% needed a 50k bankroll for 99% confidence

octaveshift
04-04-2005, 04:51 PM
[ QUOTE ]

You want 8 tables on the Party STEP 5s? I can get you 8 tables. There are ways, dude, you don't wanna know about it but believe me.

Hell, I can get you 8 tables on the Party STEP 5s by 3 o' clock this afternoon.....with rakeback.

Yugoslav

[/ QUOTE ]

Sir, would you mind lowering your voice? This is a family restaurant.