Can You Profit In Online Poker Tournaments?
June 30, 2008 – 1:26 amThere are websites that post the result of online tournaments. This data base allows us to examine the stats of the winning players online. Let’s see what we can learn from these stats.
The first statistic that sticks out is how many tournaments many of these top players play. Here is an example that isn’t that unusual for a top player.
In one poker room alone, in one year our player played in over 2,200 tournaments. His average buy in was $175. With a 52% return on investment (ROI), he made over $200,000!
One benefit by playing such a high volume is that your good and bad luck evens out faster. If you play through a 30 tournament losing streak in three days, it is much less frustrating than doing it in fifteen or twenty days. The swing is the same but it seems shorter because a good result comes sooner.
Playing multiple tables is very common for highly skilled online players. One of the main reasons this is done is it can drastically increase your hourly rate of return. Another good reason to play multiple tables is to keep boredom from creeping into your play.
The top players don’t get paid as often as you would think. They cash about 15% of the time. So, cashing is not the key. What these players do better than the average Joe?
They make more deep runs. They are willing to take chances to get a big stack that they can use to win a tournament. They know that this is essential in making profits in MTTs.
Until you have a lot of results, it’s hard to know how good you are. The swings are big in MTT play, especially when you play in big fields. A big win, or ban run, will distort your results.
After you get enough results, you will see what you can expect from yourself. If you keep playing the same tournaments against the same level of opponents, you should maintain your level of profitability. Then you can start to know how much money you will make, on average, each month.
We see that most of the top players have a high volume style. In spite of this volume they keep ROI fairly high. Only the very high stakes players might do this a bit different.
If you think your game is good enough, give it a try. If you’re serious, read up on bankroll requirements for MTTs. Many players are good enough to win, but lose money due to bad money management.
Tags: Games
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