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#1
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Positive EV = 2 x\'s buy-in
I've heard a lot of people use the rule of thumb... if you are better than 50% of the field... your EV value on every tournament is about twice the buy-in.
Does this sound fairly accurate? I'm having great success in tournaments right now (PP, online $2- $30 buy-ins) and want to know what constitutes good, bad, and/or great EV. |
#2
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Re: Positive EV = 2 x\'s buy-in
sounds like some bullshit someone made up. Feel free to provide some evidence though.
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#3
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Re: Positive EV = 2 x\'s buy-in
i don't have any. That's why I'm asking.
I have played 7 of the 2,000 + entrant tournaments on PP. I have 3 cashes + 1 first place for like $5,000. I would consider this both lucky and a by-product of my good play against a relatively weak field. I feel like cashing is pretty much a matter of avoiding the mine feilds of donkey play and feel I could atleast "make the money" 30-40% of the time (even if the "money" is only a couple dollars profit). I don't know what type of realistic EV i should be considering. |
#4
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Re: Positive EV = 2 x\'s buy-in
[ QUOTE ]
feel I could atleast "make the money" 30-40% of the time (even if the "money" is only a couple dollars profit). [/ QUOTE ] if you make the money that much then you'd have to be like the best player ever, and you'd have to be playing improperly around bubble time trying to survive. |
#5
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Re: Positive EV = 2 x\'s buy-in
[ QUOTE ]
if you make the money that much then you'd have to be like the best player ever, and you'd have to be playing improperly around bubble time trying to survive. [/ QUOTE ] I'm definately not saying I'm a great tournament player... and I understand the significance of stealing pots around the bubble... However, on the flip-side, if I have a healthy stack when the bubble is about to pop... I'm not going to risk a ton of chips just so I can pick up a pot or two. In addition... I have found that once the bubble burst, the players go crazy (especially on Party Poker). I have moved up 4 to 5 payout spots just by being patient after the bubble pops. |
#6
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Re: Positive EV = 2 x\'s buy-in
well. i'm not talking about your skill, since i know very llitle about your play. i'm just saying taht making the money that much is not possible. you have no doubt been running well in your small sample size. even if you feel like you've just been running normal, there is so much hidden luck in those things that you can never really tell how good you're running. which is of course why you can never know your "true" ROI with tons of accuracy.
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#7
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Re: Positive EV = 2 x\'s buy-in
[ QUOTE ]
feel I could atleast "make the money" 30-40% of the time (even if the "money" is only a couple dollars profit). [/ QUOTE ] You've been on a heater and you're wrong. Making the money that often would be insane -- and probably mean that you're playing too tight on the bubble. [ QUOTE ] I have played 7 of the 2,000 + entrant tournaments on PP. [/ QUOTE ] I can't remember the last DAY when I only played 7 tournaments. Your sample is totally insignificant. Just keep playing and learning and don't worry too much about EV values at this point. Trying to estimate your "value" in a tournament will either elate or depress you -- and both feeling will get in the way of learning the game. |
#8
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Re: Positive EV = 2 x\'s buy-in
it was posted either on phillip's or negreanus blog. it assumes you're in the top 25% of the field (better than 50% of the winning players) it probably is made up BS but its the best ive heard.
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#9
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Re: Positive EV = 2 x\'s buy-in
[ QUOTE ]
it was posted either on phillip's or negreanus blog. it assumes you're in the top 25% of the field (better than 50% of the winning players) it probably is made up BS but its the best ive heard. [/ QUOTE ] Limon... long time no talk... I got a new humidor and about $500 in clean ones. Even got you two TTT for when you stop by to evaluate my PT results. |
#10
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Re: Positive EV = 2 x\'s buy-in
my understanding is that 100% ROI is very good, but sustainable for those level online tourneys if you play really well. however, the variance is so high for these things that looking at your ROI, and comparing it to any number is just plain stupid. you'd have to play 10's of thousands of tourneys before you could have a good confidence interval on large field MTTs.
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