What is ROI and ITM?

[skierdude1000]

Keep seeing it in all threads, but no clue what it stands for

Thanks

[ctv1116]

ROI = Return on Investment. This is usually calculated as (profits after buyins and entry fees)/(total cost of buyins and entry fees)

ITM = In The Money. This is the % of times you make the money (ie make top 3 in a 1 table SnG)

[BradleyT]

Now that you know what they mean, I want you to apply them.

A person played twelve $10+1 Sit and Go's on Party and here are their results:
1st - 4
2nd - 1
3rd - 1
4th - 3
5th - 1
6th - 0
7th - 1
8th - 0
9th - 0
10th - 1

What is their ROI?
What is their ITM %?

If you don't know - 1st = $50, 2nd = $30, 3rd = $20

[Jason Strasser]

ROFL

I love it.

Is this exercise mandatory to avoid detention, teacher?

[BradleyT]

Yes and it's due by noon PST.