My friends call me Whiskers...

[Slowsley6-9]

Poker's illegal in GA blah blah...
Ok Gil, I got one for ya. I want to know which is the better option when you compare odds of winning vs. payout.

6 player sit n' go. $3.00 + .25
Pays $11.70 for 1st and $6.30 for 2nd

or
Heads-up $2.00 + .20
Winner gets $4.00

Ok, the rest of ya's can go ahead and make fun of what low stakes I play. By the way, I also play .01 and .02 Omaha.
Oh and uh, just for the record, I fly to Vegas whenever I play online poker.

[BlindGuy]

Originally Posted by Slowsley6-9

Poker's illegal in GA blah blah...
Ok Gil, I got one for ya. I want to know which is the better option when you compare odds of winning vs. payout.

6 player sit n' go. $3.00 + .25
Pays $11.70 for 1st and $6.30 for 2nd

or
Heads-up $2.00 + .20
Winner gets $4.00

Ok, the rest of ya's can go ahead and make fun of what low stakes I play. By the way, I also play .01 and .02 Omaha.
Oh and uh, just for the record, I fly to Vegas whenever I play online poker.

that all depends on you.

[GettyLee]

This coming from a guy who yet again can't close the deal...JK! =) GG

[Slowsley6-9]

How does it depend on me? For the sake of the question I'm assuming that I have equal ability to win either.

[shamrox]

ok lets just talk odds then....lets state some knowns:
1) You will win 80% of the time on either (we are going to keep out the 2nd's in the 6 player game for now)
2) It takes you 10 min to finish a heads up match (so you can get 5 in...i am assuming you aren't playing multiple at a time) and it will take you 60 min to play a 6 player game.

So giving those odds you will win $8 an hour - $1 for buy in cost = $7 an hour in heads up. In the 6 player game you will average ($11.70 + .80) = $9.36 - .25 = $9.11 an hour that is assuming you win not place second 80% of the time.....to do a quick average 1st and 2nd just take 11.70 and replace with $9 (average of 1st and 2nd) and you will get an average of $6.95 an hour.....so you see the answer.

1)heads up is about $7 an hour
2)winning 6 player is about $9 hour
3)1st and 2nd in a 6 player is about $7 hour

[nowelljr]

Originally Posted by BlindGuy

that all depends on you.

This is where the skill of poker comes into play. The question is can you beat the rake at a given level?

Here are some numbers for the example given:

For HU you have to win 55% to break even. Your chip equity says that you will win 50%. Your are a 5% dog to the rake.

For 6 Man you have to money 36.7% to break even. This assumes a 50/50 split of 1st and 2nd. Your chip equity says that you will money 33.3%. You are a 3.1% dog to the rake.

If you "perform" equally well in both events you are better off playing the 6 Man because it takes less positive variance to make money.

Then as Shamrox mentioned it becomes a question of volume. Can your lower ROI in the HU be overcome by the number of games played? If you can reach ITM 1% more often than needed you expect to make $0.143 an hour in a 6 man that lasts an hour. Apply that 1% rule to the HU and you expect to make $0.04 a game. It will take a little less than 4 games an hour to be even with the 6 man.

This is one reason alot of high volume S&G players prefer turbos. The ROI is less than a regular S&G but the volume pushes the profitability in the favor of the turbo.

[BlindGuy]

Originally Posted by GettyLee

This coming from a guy who yet again can't close the deal...JK! =) GG

GFY. Lets see you Final table 3 times in two sessions.

Sun FTP $55k guar $163-------7th
Tue Stars $55 6 max------------5th
Tue FTP $16.5k Guar $30 rebuy--6th


Im like the Bills in the 90's.

[BlindGuy]

Originally Posted by nowelljr

This is where the skill of poker comes into play. The question is can you beat the rake at a given level?

Here are some numbers for the example given:

For HU you have to win 55% to break even. Your chip equity says that you will win 50%. Your are a 5% dog to the rake.

For 6 Man you have to money 36.7% to break even. This assumes a 50/50 split of 1st and 2nd. Your chip equity says that you will money 33.3%. You are a 3.1% dog to the rake.

If you "perform" equally well in both events you are better off playing the 6 Man because it takes less positive variance to make money.

Then as Shamrox mentioned it becomes a question of volume. Can your lower ROI in the HU be overcome by the number of games played? If you can reach ITM 1% more often than needed you expect to make $0.143 an hour in a 6 man that lasts an hour. Apply that 1% rule to the HU and you expect to make $0.04 a game. It will take a little less than 4 games an hour to be even with the 6 man.

This is one reason alot of high volume S&G players prefer turbos. The ROI is less than a regular S&G but the volume pushes the profitability in the favor of the turbo.

100%Correct. And 100% meaningless unless you have a +ROI. So to the original poster, I suggest you make sure you have that first.

[GettyLee]

I said JK...GG...STFU! =)

[Slowsley6-9]

Ok, I'll risk sounding dumb...what is ROI?

[GettyLee]

Return On Investment