Quote:
Originally Posted by Tom_0309
I'm a new player and the concept of people playing 24 tables baffles me. Wouldn't you be alot better off playing just one $240 S&G and intently focusing on just that one table rather than frantically playing 24 $10 S&G's? Usually the rake rate is alot lower at higher limit games and rake-back including percentages/credit towards reaching a nova elite or whathaveyou status is probably alot greater as well. Some would argue that the field is alot softer in lower limit games but if you're playing against a total of 216 players, and only the top 3 at each table make the money, it's my guess that your odds of actually making the money are alot better playing just one $240 S&G. At the one $240 your odds of winning are 1 in 3 whereas the odds of actually coming out ahead playing 24 $10 S&G's, taking the rake in account as well, has got to be at least 1 in 5. My math could be off but in my opinion the better the odds of winning is always the better route. Just a thought.
There are several reasons why that is not a good idea.
Firstly, regs/pros playing the $10 SNGs are not wanting to play exactly $240 worth of tournaments in a day no matter what the tournament is, they are just wanting to play as many $10 SNGs (presumably a game/level they know they can beat) as they can play in a month/year etc.
You seem to be thinking about it like these players have $240 to play with and have chosen to play 24 tournaments with it. But really they are $10 SNG players who want to play as many of their chosen tournaments as possible.
The standard of play at $240 SNGs will be considerably higher than at the $10 level so a player who can beat $10 SNGs might not even be a winner at the $240 level.
Even if they do have a positive ROI in $240 SNGs the variance involved in playing 24 times the level they are bankrolled for will be huge, meaning they will almost certainly go bust no matter how good they are.
And obviously following on from this, the bankroll needed to constantly play $240 SNGs is considerably higher than that needed to play $10 SNGs. Most people playing $10 SNG's with say a 100 buy in bankroll ($1,000) will not have the equivalent 100 buy ins ($24,000) required to play the $240 SNGs.
VPPs earned towards VIP status are directly related to rake paid so your point about higher stakes games getting more rakeback doesn't apply if you are playing 24 times higher but 24 times less games. In fact as you point out the rake percentage is lower at higher stakes so you will actually make less from rakeback.
Your assumptions about the odds of winning with each option are not correct. Your 'odds of making the money' (or your ROI) are related to your relative skill level compared to your opponents, not how many players you are playing in total. The fact you are playing against 216 opponents in total means nothing really, you are playing against 9 (or however many) on each table and that's all that matters (along with comparative skill level of course).
You also can't assume a regular $10 player has a 1 in 3 chance of reaching the money in a $240 game. Or put another way you can't draw any accurate conclusions about a players ROI in $240 games based on his performance in $10 games.
I hope that didn't come across as me just calling you wrong for half a page as it was really only meant to help.
You might want to find a good article about poker bankroll management as it will probably address these points better than I have here, and it's a subject new players are rarely aware of but it's very important.