Getting frustrated with the money I make

[splashpot]

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You should maybe move up one level at least. If you're doing good enough to keep urself alive at the $11 and $22s, you should be okay doing $22s and $33s. Also 11t is right. You should learn how to play MTTs. $11 MTTs to begin with. It has anywhere between 500 to 1500 players (depending on the time) and first place payout goes from 1000-4000 (plus or minus a few thousand... this is off the top of my head). That's a real booster.

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I'm pretty sure 11t was joking. MTTs have WAY too much variance for someone who is barely making a living. Especially for someone who depends on that money to pay bills every month.

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MTTs have WAY too much variance for someone who is barely making a living.

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I think this is true, but the occasional $11 MTT isn't going to hurt especially if he's busting out a thousand or more $11 or $22 SNGs a month. I'm not saying play them all the time...just a few times a week.

[Slim Pickens]

I'm pretty sure he's not joking. The utility on a $3k MTT score is worth the risk. Think of utility this way. Say the lottery pays $1000 on a $1 ticket. The probability of winning is 1/2000. Pretty bad bet normally, but let's say some guy's coming to break your legs unless you pay him $1000. You have no other way of getting $1000 other than playing the lottery. Obviously, you want to play because winning lets you not get your legs broken, whereas losing doesn't really change anything and you could care less about the dollar you lost. For the OP, a win means a jump in levels (and a quantifiable increase in money earned) and a loss won't break his bankroll, so even if he's a breakeven MTT player, playing them is a good idea.

[johnnybeef]

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I'm pretty sure he's not joking. The utility on a $3k MTT score is worth the risk. Think of utility this way. Say the lottery pays $1000 on a $1 ticket. The probability of winning is 1/2000. Pretty bad bet normally, but let's say some guy's coming to break your legs unless you pay him $1000. You have no other way of getting $1000 other than playing the lottery. Obviously, you want to play because winning lets you not get your legs broken, whereas losing doesn't really change anything and you could care less about the dollar you lost. For the OP, a win means a jump in levels (and a quantifiable increase in money earned) and a loss won't break his bankroll, so even if he's a breakeven MTT player, playing them is a good idea.

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Easy for you to say. I haven't had a big cash in a mtt in almost two months. In fact, I am down 1500 in mtts in the last two months. If I had never played a mtt, I would be at the 55s instead of the 22s currnently.

[Slim Pickens]

If I'd never entered an MTT in my life, I'd be playing the 55's. As it stands, I play the 55's. If you're paying enough entry fees to MTT's to keep you from moving up levels in STT's, you have to consider yourself a serious MTT player and put in the required study and practice to beat them. My point is directed at the casual MTT players.

[johnnybeef]

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If I'd never entered an MTT in my life, I'd be playing the 55's. As it stands, I play the 55's. If you're paying enough entry fees to MTT's to keep you from moving up levels in STT's, you have to consider yourself a serious MTT player and put in the required study and practice to beat them. My point is directed at the casual MTT players.

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Well, kinda. I was played a lot of mtts this month for two reasons. 1st, they are my favorite form of poker. 2nd, I was chasing a big score. That said, I just wanted to warn people who had read your post about the very high amount of variance that can be experienced in mtts.

[Slim Pickens]

Yeah, MTT's are definitely higher variance undertakings than STT's. This is kind of why I think taking a few shots at them is a good idea for a lower-level STT player looking to move up. Higher variance works both ways, and playing a few MTT's is a way of creating another parallel path to the higher STT levels. My opinion is probably biased by my 5000% ROI in the Party 40k's though.

[johnnybeef]

so long as it is only a few, i dont disagree with you.