With these larger fields comes a chance to win some serious money. While most of the money (50% or more) is reserved for the final table, 10-20% of the field wins something. Sometimes "making the money" will just get you your entry fee back, or a little more. These MTT's last from 4 hours to 20+ hours.
On the other hand, there are single table Sit-N-Go (SNG) tournaments. These are 9-player tournaments that start as soon as 9 players sign up. These tournaments pay 50% of the prize pool to 1st place, 30% to 2nd, and 20% to 3rd. SNG's are usually completed in less than 1-1/2 hours.
Winning an $11 MTT may pay $10,000 or more, while winning an $11 SNG pays $45.
While it's it's much easier to win a SNG than a large field MTT, the payoff is much smaller. On the other hand, it's not unusual to play many MTT's in a row without cashing once.
Since January 1st of 2006 I've played 530 MTTs and cashed 97 times. An "in the money" rate of 18.3%.
I've played in 525 single table SNG's since I started playing online, with an average buy-in of $39. My total profit over these 525 tournies is $2155, an average of $4.10 per tourney. This represents a 7% Return On Investment (ROI).
Over the next few weeks, I'm going to try to play at least 50 SNG tournies with entry fees of $22, $33, or $55 and see how I do. My goal is to cash in over 50% of the tournies and make a profit of $300.
I'll need to "step-up" my game to reach the $6.00 per tourney goal.
I'll post my results here.
The SNG Experiment
10-16-07 thru 10-22-07
1. $22 tourney, finished 5th, cashed $0, balance of -$22 (99 vs AA)
2. $55 tourney, finished 7th, cashed $0, balance of -$77
3 . $33 tourney, finished 3rd, cashed $54, balance of -$56
4. $22 tourney, finished 8th, cashed $0, balance of -$78 (AK vs QT)
5. $33 tourney, finished 2nd, cashed $81, balance of -$30
6. $22 tourney, finished 2nd, cashed $54, balance of +$2
7. $33 tourney, finished 3rd, cashed $54, balance of +$23
8. $22 tourney, finished 4th, cashed $0, balance of +$1 (AK vs JJ)
9. $33 tourney, finished 5th, cashed $0, balance of -$32 (66 vs JJ)
10. $33 tourney, finished 1st, cashed $135, balance of +$70
11. $33 tourney, finished 5th, cashed $0, balance of +$37 (AK vs QQ + A6)
12. $33 tourney, finished 6th, cashed $0, balance of +$4 (JJ vs AQ)
Results for Week #1: +$4.00 (cashed $378 in 5 of 12 tourneys with buy-ins of $374)
Overall Balance +$4.00
10-23-07 thru 10-29-07
13. $22 tourney, finished 1st, cashed $90, balance of +$72
14. $22 tourney, finished 2nd, cashed $54, balance of +$104
15. $22 tourney, finished 5th, cashed $0, balance of +$82
16. $22 tourney, finished 3rd, cashed $36, balance of +$96
Results for Week #2: +$92.00 (cashed $180 in 3 of 4 tourneys with buy-ins of $88)
Overall balance +$96.00 (cashed $558 in 8 of 16 tourneys with buy-ins of $462)
10-30-07 thru 11-05-07
17. $22 tourney, finished 1st, cashed $90, balance of +$164
18. $33 tourney, finished 1st, cashed $135, balance of +$266
19. $33 tourney, finished 9th, cashed $0, balance of +$233 (44 vs KQs)
20. $33 tourney, finished 7th, cashed $0, balance of +$200 (J5s vs 46s)
21. $33 tourney, finished 7th, cashed $0, balance of +$167 (333 vs AA after flop)
22. $22 tourney, finished 9th, cashed $0, balance of +$145 (AKs vs 77)
23. $33 tourney, finished 9th, cashed $0, balance of +$112 (KK vs 99)
24. $33 tourney, finished 1st, cashed $135, balance of +$214
25. $33 tourney, finished 6th, cashed $0, balance of +$181 (ATs vs AQ)
26. $33 tourney, finished 5th, cashed $0, balance of +$148 (99 vs KQ)
Results for Week #3: +$52.00 (cashed $360 in 3 of 10 tourneys with buy-ins of $308)
Overall balance +$148 (cashed $918 in 11 of 26 tourneys with buy-ins of $770)
11-06-07 thru 11-12-07
27. $33 tourney, finished 2nd, cashed $81, balance of +$196
28. $55 tourney, finished 9th, cashed $0, balance of +$141 (KT vs AA after J6KT turn, river 6)
29. $22 tourney, finished 4th, cashed $0, balance of +$119
30. $33 tourney, finished 3rd, cashed $54, balance of +$140
Results for Week #4: -$8.00 (cashed $135 in 2 of 4 tourneys with buy-ins of $143)
Overall balance: +$140 (cashed $1053 in 13 of 30 tourneys with buy-ins of $913)
11-12-07 thru 11-19-07
31. $22 tourney, finished 3rd, cashed $36, balance of +$154
32.
Results for Week #5: +$14.00 (cashed $36 in 1 of 1 tourney with buy-ins of $22)
Overall balance: +$154 (cashed $1089 in 14 of 31 tourneys with buy-ins of $935)
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