No one can tell me that I'm doing wrong today

"whenever I see you smile at me" .. James Taylor

I'm finding the token frenzy's and Tier 1 SNG's where you get a $26 token to be quite easy on FTP. Hoy recently wrote a great post advocating playing the tournaments where payouts go to the top 30% and then using those payouts for buy-ins to bigger and/or better tournaments. I agree.

I also like the 45 player 26$ buy in SNG's. So I'm essentially getting into them for a discounted amount. How much of a discount?. Let's assume that I play 25 $8.70 SNG's and 12 $6.60 (some are $6.50 but we will round up). That's a total of $296.70 spent and I win 15 tokens which equals $390. That means I am actually spending $19.78 per $26 tournament I enter (296.70/15). That's a discount of 24%. Not too bad I'd say. My goal would be to win 1 out of every 2 tournaments I play which would be a discount of around 40%. That's extremely aggressive, but still a goal I will shoot for. See results below from officialpokerrankings.com


Of course, what really matters is what I do with those 15 tokens.

Breaking the numbers down even further, I find that I am only hitting a token 1 in 2.77 tries at the $8.70 buy-in. That is almost getting into -EV. 1 in 3 wins would be -EV by 10cents every 3 tries or a .4% loss. Of course I have won 3 out of the last 4 $8.70 SNG's, so I will assume I am getting better rather than hitting a good streak of variance (awfully vain of me, eh?). I need to break down the results in turbos versus non-turbos, but I'll save that for later.

And at the $6.50 buyin level, I am hitting a token 1 out of every 2 times I play. 4 of the 6 tokens won were in the 9:45CST frenzy's with 100+ players. Those are full of tons of loose players, so TAG play is rewarded. I can't play those any 'ol time like I can the 18 player SNG's, but they sure are nice. Wouldn't you like to cash almost 60% of the time you play? HA HA HA.

I've cashed in 2 of the 10 $26 buy ins I have played. I've played a few different sized tournaments but the 2 I cashed in were 45 player SNG's (1st and 4th) paying out $518 for $197 invested. 160% profit is pretty nice.

So that's a synopsis of what I'm doing right now and what is keeping my bankroll moving upwards (like the 30 year mortgage rates or the real estate values in Toronto -ok maybe not that much). You get the idea. Let me know what's working for you.

In the meantime check out this "may the felt fold bald texan" and this "presto is gold".

Stay patient....