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Old 03-09-2004, 08:49 AM
Sheriff Fatman Sheriff Fatman is offline
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Join Date: Nov 2003
Location: UK
Posts: 442
Default Re: Confusion on ROI???

The calculation is correct.

The proportion of 1st, 2nd and 3rd place finishes have a big effect on your ROI due to the relative size of the prizes. Therefore, 2 players with a similar % in the money figures could have very different ROI's.

For an (extreme) example, take 2 players who play 50 30+3 SnGs and each finish in the money 50% of the time. All player 1's money finishes are 1st place, all player 2's are 3rd place.

Total amount invested for each - $33 x 50 = $1,650.

Player 1 wins a total of $150x25 = $3,750. His ROI is 127%.

Player 2 wins a total of $60x25 = $1,500. His ROI is -9% as he hasn't covered his fees.

Two very different results from the same percentage in the money!

I would therefore think that you have a higher proportion of 2nd and 3rd places compared to the players whose stats you are referring to. You'll be surprised how quickly the ROI will increase if you can start to convert a few more of these into wins so don't despair.

Hope this helps.

Sheriff
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