Quote:
Originally Posted by jamesisarobot
Firstly, Mike ran pretty bad this series. He's lucky to have made a profit.
Secondly, let's calculate his average ROI:
5.6 + 2.3 + 2.4 + 5 + 1.6 +3.5 + 2.4 + 10 = 32.8
32.8/24 = 1.37
So, Mike's average ROI was 37%
So, despite having an objectively unlucky run, Mike wasn't too far off his 50% ROI target.
WP this series, Mike!
You somehow "forgot" to substract the initial buy-ins. Cashing for 5,6x your buy-in doesn't mean your ROI is 560%. In fact, it's "only" 460%.
Mikey's average ROI is "only" 24,12% if you adjust for that.
As an aside, I wouldn't take his word when it comes to "running bad". Just to give one example, you don't finish 7th in a 500 man PLO donkament unless you run really good. He may have taken some bad beats in big spots, but my guess is he ran pretty average and just remembers/highlights the bad beats. It's only human.