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Beck
06-22-2005, 05:41 PM
With Bodog's bonus system (200% rakeback for tourneys) how do I calculate my ROI? Should I consider it an added earning or reduced buy-in?
For instance, an $10+1 gives me a rakeback of $2. Let's say I place third, earning $20.
Is my ROI (20+2)/11=200%
or
20/(11-2)=222%

Bluff Daddy
06-22-2005, 05:49 PM
what does it matter? either way you are profiting $11

Beck
06-22-2005, 05:57 PM
Cause I wanna know the correct method.....

TheTimeIsUp
06-22-2005, 06:03 PM
Yes. Your ROI shouldn't consist of bonuses.

Pokerscott
06-22-2005, 06:08 PM
ROI = (total returned - total invested) / total invested.

The denominator should always be the amount you could have/spend assuming you didn't take any action (i.e. didn't play the game).

In your case the ROI would be:

(22 - 11) / 11 or 100% ROI. Don't count the original investment as part of the RETURN on investment...

Pokerscott

CheeseBeger
06-22-2005, 09:54 PM
I play on bodog and I dont get rakebacks on SNGs... I got a "MTT Payout Bonus" once, but i dont think there are rakebacks for SNGS.... But if I'm wrong, could you let me in on the secret?

Beck
06-23-2005, 03:51 PM
[ QUOTE ]
ROI = (total returned - total invested) / total invested.

Don't count the original investment as part of the RETURN on investment...

Pokerscott

[/ QUOTE ]

No, of course not, that was just a brainfart.

Beck
06-23-2005, 03:53 PM
[ QUOTE ]
I play on bodog and I dont get rakebacks on SNGs... I got a "MTT Payout Bonus" once, but i dont think there are rakebacks for SNGS.... But if I'm wrong, could you let me in on the secret?

[/ QUOTE ]
By rakeback on Bodog, what I mean is, that clearing their bonus acts like a 200% rakeback deal.
You need 3 Bodog points for each bonus$, but for each dollar you pay in viog/rake in Tourneys you get 6 points, hence 2 bonus$

CheeseBeger
06-23-2005, 05:04 PM
So are you saying there is a way to uses my Bodog points ( I have about 5K) to get money?

Beck
06-24-2005, 05:57 AM
No, it's when yo earn points you release thebonus for withdrawal.
An example:
You make a deposit for $100, getting $20 in bonus. To make sure you can withdraw your bonus you need to earn 3*20 points=60.
For each $1 you pay in rake in tourneys you get 6 points, so you only need to pay $10 in rake/vig in tourneys to release a $20 bonus.

lorinda
06-24-2005, 06:17 AM
I have a seperate column for bonuses, they do not change my ROI.

When working out where to play, you should take into account all factors towards hourly rate, but when finding out how good you are, and how hard the games are, you should keep bonuses and results very seperate.

Lori