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understanding ROI and how to improve it

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understanding ROI and how to improve it - Wed Apr 06, 2011, 09:13 PM
(#1)
TARIQ06's Avatar
Since: Jun 2010
Posts: 380
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good evening poker gents, can someone take me to school in learning how to improve your ROI percentage, what are the best games to play and how is this procedure determine in the poker world..thanks for your help and advice..see u around
 
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Wed Apr 06, 2011, 09:58 PM
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Play freerolls. Play value added tournaments. Play better poker.

Not necessarily in that order, but you get the gist
 
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Thu Apr 07, 2011, 02:40 AM
(#3)
Moxie Pip's Avatar
Since: Aug 2010
Posts: 3,853
If you have a "go to game"--something that you have played a good amount of times and has been a consistent money maker for you ( a certain ring game,a SNG or 2 that you generally kill) work that sucker like a coal mine. It will rarely (if ever.......) be an MTT, as the variance in MTT's is just so great. But if you have some go-to's that can steadily build your roll,that's what gives you the bank to use for your MTT excursions. And it's the occasional deep,deep run in an MTT that will give you that big spike in your ROI. (Just winning $33 in the .25 $100 added--that $100 added is the type of thing I believe Dman meant when he said value-added--just that 4th place there jumped my ROI from 31% to 59% in one fell swoop.)

Anyways for me that seems to be the path,my SNG winnings are what I can use to fund my MTT plays so that I can concentrate on playing for deeper runs in the MTT's (hopefully I can sprinkle in a win here and there to)and not worry that my ITM% is lower in MTT's as I have a different goal in mind.
 
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Thu Apr 07, 2011, 10:07 AM
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one thing you want to do with it.... do not try to get too much of a jump in a single tourney. You don't want to be chasing it. I agree with Mox, you need to find a 'go to' game and continually play it and raise your profit numbers.
 
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Thu Apr 07, 2011, 11:04 AM
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o0o0AcEo0o0's Avatar
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Without a hud how can one discover what his ROI percentage is?
 
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Thu Apr 07, 2011, 11:49 AM
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Quote:
Originally Posted by o0o0AcEo0o0 View Post
Without a hud how can one discover what his ROI percentage is?
www.officialpokerrankings.com

you can put in anyone's table name and find out their ROI for all public 36+ person tournies. They don't track everything, but it's a good tool to use.
 
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Thu Apr 07, 2011, 11:59 AM
(#7)
mugabe101's Avatar
Since: Nov 2010
Posts: 85
sharkscope will tell you if you opt in
 
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Thu Apr 07, 2011, 12:01 PM
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It is the average of a probability distribution of possible returns, calculated by using the following formula:

E(R)= Sum: probability (in scenario i) * the return (in scenario i)

How do you calculate the average of a probability distribution? As denoted by the above formula, simply take the probability of each possible return outcome and multiply it by the return outcome itself. For example, if you knew a given investment had a 50% chance of earning a 10% return, a 25% chance of earning 20% and a 25% chance of earning -10%, the expected return would be equal to 7.5%:

= (0.5) (0.1) + (0.25) (0.2) + (0.25) (-0.1) = 0.075 = 7.5%
Although this is what you expect the return to be, there is no guarantee that it will be the actual return.

>Dem
 
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Thu Apr 07, 2011, 12:21 PM
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Darkman61's Avatar
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I forgot to add (because I rarely play cash) table selection.

You don't need to be the best player in the world to make a profit from this game. Just make sure that the eight (or five) that you sit down with are worse than you.
 
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Thu Apr 07, 2011, 12:33 PM
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TARIQ06's Avatar
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Posts: 380
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Quote:
Originally Posted by DEMONTIS7 View Post
It is the average of a probability distribution of possible returns, calculated by using the following formula:

E(R)= Sum: probability (in scenario i) * the return (in scenario i)

How do you calculate the average of a probability distribution? As denoted by the above formula, simply take the probability of each possible return outcome and multiply it by the return outcome itself. For example, if you knew a given investment had a 50% chance of earning a 10% return, a 25% chance of earning 20% and a 25% chance of earning -10%, the expected return would be equal to 7.5%:

= (0.5) (0.1) + (0.25) (0.2) + (0.25) (-0.1) = 0.075 = 7.5%
Although this is what you expect the return to be, there is no guarantee that it will be the actual return.

>Dem


nice info..thanks
 
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Thu Apr 07, 2011, 12:48 PM
(#11)
o0o0AcEo0o0's Avatar
Since: Jan 2011
Posts: 218
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120 days Rating: 94.99% Rank: 58,401 of 1,165,180

Year 2011 Rating: 95.11% Rank: 51,133 of 1,046,230

this is my stats off of officialpokerrankings.com this good?
 
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Thu Apr 07, 2011, 12:50 PM
(#12)
o0o0AcEo0o0's Avatar
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Posts: 218
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says my roi is 169% is this for mtt only?
 
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Thu Apr 07, 2011, 12:51 PM
(#13)
DEMONTIS7's Avatar
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Posts: 209
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Quote:
Originally Posted by TARIQ06 View Post
nice info..thanks

lol,,,I figured someone here could use alittle help
>Dem
 
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Thu Apr 07, 2011, 06:17 PM
(#14)
DEMONTIS7's Avatar
Since: Jan 2011
Posts: 209
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Quote:
Originally Posted by demontis7 View Post
it is the average of a probability distribution of possible returns, calculated by using the following formula:

E(r)= sum: Probability (in scenario i) * the return (in scenario i)

how do you calculate the average of a probability distribution? As denoted by the above formula, simply take the probability of each possible return outcome and multiply it by the return outcome itself. For example, if you knew a given investment had a 50% chance of earning a 10% return, a 25% chance of earning 20% and a 25% chance of earning -10%, the expected return would be equal to 7.5%:

= (0.5) (0.1) + (0.25) (0.2) + (0.25) (-0.1) = 0.075 = 7.5%
although this is what you expect the return to be, there is no guarantee that it will be the actual return.

>dem
go figure
 
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Thu Apr 07, 2011, 08:28 PM
(#15)
Darkman61's Avatar
Since: Jan 2010
Posts: 2,225
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No thanks. My bot handles those calculations far better than I ever will.
 
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Thu Apr 07, 2011, 09:50 PM
(#16)
o0o0AcEo0o0's Avatar
Since: Jan 2011
Posts: 218
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lol your "bot" Darkman?? Haha where I get one? Just one to help with calculations .... not anything illegal.
 
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Thu Apr 07, 2011, 10:19 PM
(#17)
Darkman61's Avatar
Since: Jan 2010
Posts: 2,225
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You can't have one. They're reserved for cat burglars
 
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Thu Apr 07, 2011, 10:28 PM
(#18)
ssuglia's Avatar
Since: Jul 2010
Posts: 1,393
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Quote:
Originally Posted by Darkman61 View Post
I forgot to add (because I rarely play cash) table selection.

You don't need to be the best player in the world to make a profit from this game. Just make sure that the eight (or five) that you sit down with are worse than you.
Most of the time that is not hard to do.
 
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Fri Apr 08, 2011, 08:45 PM
(#19)
o0o0AcEo0o0's Avatar
Since: Jan 2011
Posts: 218
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Haha I am a cat burglar, dog burglar, chip burglar, bird burglar, and all of the above!
 
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Fri Apr 08, 2011, 08:46 PM
(#20)
o0o0AcEo0o0's Avatar
Since: Jan 2011
Posts: 218
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still trying to figure out if my stats are good or horrible or average or two of three or three of three lol?
 

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