Quote:
Originally Posted by Billy Bibbit
Meh, they aren't necessarily doing it wrong, as long as they can afford to lose 50K, and keep a good attitude still grinding every day and playing well.
If you play ONLY $55 MTTs and lose 50K, then yeah, you probably suck, but it's really easy to lose 50K playing all the huge fields from $11 on up to $215 and higher during SCOOP/WCOOP, and still have an ABI of $50. ABI is a pretty useless statistic for predicting what size of downswings you can expect. I think something to do with how much first place pays would be more useful, since as we all know, most of our profit in MTTs comes from top 3 finishes.
Someone like Pessagno who just plays a bunch of small field tourneys with <5k for first, he is never going to have a 50K downswing. I don't necessarily think one approach is "better" than the other; it just depends on your personality. I personally would lose it if I dropped anywhere near 100K so I go with the low-variance approach even though I may be giving up a little EV in the long run.
This, of course. Dont want to turn this into a crying post, but just informatively: basically the variance in highstakes majors like SM/SW/big109/big162 and WCOOP/SCOOP is so huge that if you run bad in them, youre screwed and any downswing is possible because of how much it skews your ABI.
Since before WCOOP last year, I have played 4418 mtts with buyin <100, with a 37abi, 18% avg roi and 26.5k profit.
With 100+ buyin I played 882mtts (basically just big109, other 109fos/turbos, big162, SM,SW, 2nd chance few times, supersonic few times, 162 6max few times, 320 saturday few times, 215 plo/plo8/nlo8 and obv the better WCOOP/SCOOPs), my results in those are 166abi, -33%roi and -60k profit