Re: Figuring out profit for SNGs
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$30 Table: 89 wins / 110 losses / 44.72% wins
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The problem with this is we don't know what "wins" means? I will assume you mean "in the money" (or ITM) finishes. How many of those were 3rds, 2nds and 1sts? Additionally, was this at a site where tournaments are 9 handed or 10 handed?
now some math with some assumptions, 10 handed and an even distribution of itm finishes
E(for entry fees): 89+110 = 199. 199x33=$5,467
A) 30 firsts = $4,500
B) 30 seconds = $2,700
C) 29 thirds = $1,740
total winnings = A+B+C = W (for winnings) or $8,940
total profit = W - E = P (for profits) or $3,473
I hope this helps and the math is right. It is late and I am drunk.
Ryan
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