Home / Community / Forum / Poker Education / Poker Education & Beginners Questions /

An ROI question

Old
Default
An ROI question - Wed Nov 23, 2011, 01:48 AM
(#1)
EdinFreeMan's Avatar
Since: Feb 2010
Posts: 4,540
I'm just wondering how I should calculate my ROI for games where a proportion, although having the same cash buy in level, are free for me to enter as I have already won a ticket through a freeroll

Consider this small sample, my last 10 games.

Last 10 Poker Tournaments

Ended Tournament Buy-In+Fee Rank Prize
11/23/2011 $0.10 NL Hold'em [360 Players, Turbo] $0.09+$0.01 9/360 $0.61
11/23/2011 $0.10 NL Hold'em [360 Players, Turbo] $0.09+$0.01 60/360 $0.00
11/22/2011 Facebook League $0.10 $0.10+$0.00 1054/3839 $0.00
11/22/2011 $0.10 NL Hold'em [360 Players, Turbo] $0.09+$0.01 32/360 $0.24
11/22/2011 $0.10 NL Hold'em [360 Players, Turbo] $0.09+$0.01 100/360 $0.00
11/22/2011 $0.10 NL Hold'em [360 Players, Turbo] $0.09+$0.01 98/360 $0.00
11/22/2011 Facebook League $0.10 $0.10+$0.00 582/4059 $0.15
11/21/2011 Facebook League $0.10 $0.10+$0.00 239/2184 $0.19
11/21/2011 Facebook League $0.10 $0.10+$0.00 137/3691 $0.38
11/20/2011 Facebook League $0.10 $0.10+$0.00 236/2771 $0.23


They are a mix of $0.10 Facebook League games and $0.10 360 man sitngo games.

10 tourneys at $0.10 buy in = $1.00 buy ins
ITM 60%
Prize winnings $0.61+$0.24+$0.15+$0.19+$0.38+$0.23 = $1.80
Profit = $0.80
ROI = 80/100 = 80%

However - my actual cost of buy ins was only $0.50 as the Facebook tourneys all used tickets won in Freerolls

Can I legitimately say my ROI is actually 80/50 = 160% or is this incorrect?

Alternatively, should I split them down and say

Paid games (360 player sitngos) $0.50 entry $0.85 winnings $0.35 profit ROI 35/50 = 170%

'Free' entry games Facebook $0.00 entry $0.95 winnings $0.95 (pure profit) ROI incalculable

I would not put any emphasis on the result from such a small sample but in the long run I am wondering what is the correct method if I am going to use ROI as a statistic to help measure my progress.

Good luck all

Ed from Edinburgh - EdinFreeMan
 
Old
Default
Wed Nov 23, 2011, 02:33 AM
(#2)
JWK24's Avatar
Since: Jun 2010
Posts: 24,832
(Super-Moderator)
BronzeStar
ROI = (total return) - (total buy-in) / (total buy-in)

for you, it's ($1.80 -.50) divided by .50 = 260%

freerolls tickets count as 0 buy-in.

Last edited by JWK24; Wed Nov 23, 2011 at 02:36 AM..
 
Old
Default
Wed Nov 23, 2011, 09:22 AM
(#3)
PokerPest72's Avatar
Since: Nov 2011
Posts: 247
BronzeStar
Tornys played 16
completed 15
not finished 1

ROI 100%
in the money 38%

Does this mean im playing in games above my bankroll, or can i just stick to what im playing in?
with my ROI not being 100%+

Let me try and phrase this better, ive moved upto 1$ buy ins because i was a cash player and playing in the 25c tornys, while i did ok at them i found them abit boring 3 hours play for just over 3$ which i could win in 1 pot on a cash table, so my ROI of 100% means ive doubled my money if i understand it right, so going off my current stats of 38% in the money would my ROI go up if i dropped back down to the 25c ones to protect my bankroll aswell, ive played in 3 $1 buy ins and won 1 and played in 2 $1.10 tornys and cashed in 1. Can i stay at the level im at with 70x buy ins?

Last edited by PokerPest72; Wed Nov 23, 2011 at 10:38 AM.. Reason: better explanation
 
Old
Default
Wed Nov 23, 2011, 10:31 AM
(#4)
!!!111Dan's Avatar
Since: Jul 2010
Posts: 3,290
An ROI of 100% is good. But this really doesn't relate to your bankroll management and buy-in level. Bankroll management is determined by how much you have available, not ROI.


Congrats on yours too Ed.

Last edited by !!!111Dan; Wed Nov 23, 2011 at 10:33 AM..
 
Old
Default
Wed Nov 23, 2011, 12:25 PM
(#5)
EdinFreeMan's Avatar
Since: Feb 2010
Posts: 4,540
Quote:
Originally Posted by !!!111Dan View Post
An ROI of 100% is good. But this really doesn't relate to your bankroll management and buy-in level. Bankroll management is determined by how much you have available, not ROI. Congrats on yours too Ed.
I'm currently a $0.10 player mainly for BR management purposes just now. And my overall ROI is nowhere near that in this small sample, I really wish it was Dan. I'm still not comfortable including the 'free' entry games where I have won a ticket, as long term I will play a different proportion of paid for and free entry games, all at the nominal $0.10 level. And there are no guarantees I won't have to pay the entry fee for 100% of future games.

The 260% ROI JWK cites for this sample is an example of how much this is skewed from the 80% it would be if all fees were being paid. I understand that it might be a true reflection of my investment return, but don't see it as a true reflection of my performance.

[note I did make an error in my original post, using only 80 profit rather than the 1.80 JWK corrected for that calculation]

Thanks all for your input

Ed from Edinburgh - EdinFreeMan
 

Getting PokerStars is easy: download and install the PokerStars game software, create your free player account, and validate your email address. Clicking on the download poker button will lead to the installation of compatible poker software on your PC of 51.7 MB, which will enable you to register and play poker on the PokerStars platform. To uninstall PokerStars use the Windows uninstaller: click Start > Control Panel and then select Add or Remove programs > Select PokerStars and click Uninstall or Remove.

Copyright (c) PokerSchoolOnline.com. All rights reserved, Rational Group, Douglas Bay Complex, King Edward Road, Onchan, Isle of Man, IM3 1DZ. You can email us on support@pokerschoolonline.com