11s PP: How is it possible to make a profit

[SaggyTTs]

I haven't been on this site long, so if I post an inappropriate question, slap me and forgive me.

Right now, I am playing 10 plus 1 sng's at Party. I am averaging ITM about 35 percent. In reading the FAQ here, I see that the most one can reasonably expect long-term is about 44 percent. To me, that makes sng's unwinnable. If I buy-in at 11 bucks per table (110 bucks), and only get itm 40 percent of the time (placing third), that's a 30 dollar deficit. If I place first one of those times, I am only breaking even.

For a rookie, can anyone tell me if I am missing something.

[KingDan]

You are (hopefully) gonna win or get second once in a while [img]/images/graemlins/smile.gif[/img]

[bjb23]

win more.

My November and December SNGs at the 11s:

Very nice bubble play.

[GrekeHaus]

[ QUOTE ]
I haven't been on this site long, so if I post an inappropriate question, slap me and forgive me.

Right now, I am playing 10 plus 1 sng's at Party. I am averaging ITM about 35 percent. In reading the FAQ here, I see that the most one can reasonably expect long-term is about 44 percent. To me, that makes sng's unwinnable. If I buy-in at 11 bucks per table (110 bucks), and only get itm 40 percent of the time (placing third), that's a 30 dollar deficit. If I place first one of those times, I am only breaking even.

For a rookie, can anyone tell me if I am missing something.

[/ QUOTE ]

If you're getting ITM 44% of the time, you're going to get a lot of 1sts and 2nds as well. It will happen, if only be accident. [img]/images/graemlins/wink.gif[/img]

[SaggyTTs]

So, do most here agree that 44 percent itm over the long-term is attainable?

[Mr_J]

If you are hitting >30% ROI at any level but the $215s, you are losing money by not moving up. Ie it's a silly goal. Yes it is achievable by very good players at low limits, but it's not worth their time to play there.

[tigerite]

[ QUOTE ]
If you are hitting >30% ROI at any level but the $215s, you are losing money by not moving up. Ie it's a silly goal. Yes it is achievable by very good players at low limits, but it's not worth their time to play there.

[/ QUOTE ]

My last 112 $109s have had a 41% ROI with 44% ITM.. but I don't think I'll move up to the $215s just yet [img]/images/graemlins/grin.gif[/img]

[Mr_J]

Yeh well I got 12 1sts in my 20 sngs today at the 22s. I'm movin up to the $55s [img]/images/graemlins/wink.gif[/img] Then again, I am meant to be a $55er?