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An ROI question

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  • An ROI question

    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
    4 Time Bracelet Winner



  • #2
    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, 09:36 AM.
    Super-Moderator



    6 Time Bracelet Winner


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    • #3
      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, 05:38 PM. Reason: better explanation

      Comment


      • #4
        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, 05:33 PM.

        Comment


        • #5
          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
          4 Time Bracelet Winner


          Comment

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