#1
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ROI?
Here is your local poker noob. I just got into poker, and have been having good results at the $20 at party, but I see all over this forum posts about ROI. Could someone please explain this ROI to me and what it signifies.
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#2
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Re: ROI?
ROI stands for Return On Investment. It is expressed as a percentage of the amount you invested and it is calculated by this simple formula:
(Total winnings - total paid for entries) [ ----------------------------------------- ][100] (Total paid for entries) For example, say you play in one $10+1 SnG and place 3rd. Since the prize for third is $20, your ROI is (20 - 11) [ -------- ][100]= [0.8181...][100] ~= 82% (11) |
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