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Poker ROI

by Simon Dexter Friday, May 16th, 2008

Hi Guys.
I read a lot about gauging how you’re doing when it comes to poker’s main aim, winning cash, but is there a simple guide which allows players to keep an eye on their financial progress?
FP, Guildford

FP,

Shrewd poker players measure their performance by considering what is known as their “return on investment”, a phrase familiar to accountants and City types, which you will often see referred to as ROI. Calculating your ROI is very straight forward.

To do so, you should divide your total profits by the aggregate cost of your entry fees and convert it into a percentage.

For instance, imagine you play in a $30+$3 S&G: the aggregate entry cost is $33. Imagine you win the first prize of $135. Your net profit is $102 ($135 - $33). Dividing this figure by 33 and multiplying by 100 gives you your percentage return which in this case is an impressive 309%.

Imagine you play 20 S&G’s for $23 each, your total buy-in is $460. Now let’s assume you’re in the money in half of them and your total amount of prize money is $620, in which case your net profit is $160. If we divide this figure by $460, your ROI is an impressive 34.7%, significantly greater than you would get at your high street bank - or most other places, come to think of it.

A decent ROI for S&G’s is between 20% and 50%, although don’t forget that as your buy-in increases, so the quality of your opponents improves. Nevertheless, achieving 20% of $148 is significantly better than 50% of $25; in other words, there’s no need to stay at the lower levels just to achieve a higher ROI.

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Calculating Pot Odds

by Simon Dexter Friday, May 9th, 2008

Hi guys.

I understand that calculating genuine pot odds can vary according to the type of player you are. Is this correct?
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Being Bullied Out of the Hand

by Simon Dexter Thursday, May 1st, 2008

Hi guys.

At times when I play poker, I feel like that guy on the beach who gets sand kicked in his face for no reason. It’s hard to admit, but I get bullied. If I didn’t enjoy the game so much, I’d have packed it in. Is there anything I can do to prevent being pushed about?
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Poker Dopes

by Simon Dexter Friday, April 25th, 2008

Hi guys!

I don’t normally write to any kind of forum, but I am so cheesed off at a succession of “poker dopes” I seem to have run up against over the last few weeks that I had to ask whether I’m the only one who finds them frequently going all-in with absolute junk? What makes it even more annoying is the number of times one of them get lucky and hit their long shot hands! Is it just me or do others suffer the same fate?
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Positional Play

by Simon Dexter Friday, April 18th, 2008

Hi Guys.

I’ve been playing poker for two years. Eventually, I would like to play professionally and have been spending perhaps 20 hours a week playing low stakes limit Hold ‘em in order to examine the specific nuances of positional play. I recognise the role ego plays in poker, although perhaps I’m still mis-reading opponents, but then, I also appreciate that I’m not up against the world’s greatest players at these tables. Perhaps I should consider moving up a few levels to learn more?
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Aim higher than making it to the money?

by Simon Dexter Thursday, April 10th, 2008

Hi,
I cannot complain about my recent poker play as I have been enjoying a great run, generally cashing, ie finishing in the top seven or eight players, but have yet to turn what I think is consistent play into winning play. I’m ahead of the game, money-wise, but feel I should be moving on and converting decent finishes into winning ones – or should I be content to keep getting into the money?
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Playing Pocket Jacks

by Simon Dexter Tuesday, April 1st, 2008

Hi,

I’ve been playing poker for a few years now and consider myself a reasonable player, which is why I want to improve and start making some serious money from the game (I already do pretty well). Here’s my problem: whenever I land pocket jacks, I’m invariably tempted to act. Is there a definitive way of playing a pair of these smiling boys – at least I think they’re smiling?
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Online Tells

by Simon Dexter Thursday, March 27th, 2008

Hi,

I read recently (not here) that online poker players who call a raise a little too quickly are likely to be on a draw. Armed with this information, I re-raised an opponent I saw do this and duly ran straight into a monster hand. I ended up getting busted out of the tournament simply because I thought I had picked-up an online tell. What did I do wrong?
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Online Identity Crisis?

by Simon Dexter Thursday, March 20th, 2008

Hi guys.

I’m a regular player at Littlewoods Poker with a regular online identity. I’m not a bad player either, but have noticed that a number of my, shall I say, more macho-named colleagues have recently appeared to be getting a little more action than me. Could this be down to my too-polite identity?

EL

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Playing on tilt

by Simon Dexter Thursday, March 13th, 2008

Hi guys,

I’m an ok poker player who often lets his emotions get the better of him. I suspect I’d be a much better player if I didn’t go on tilt as frequently as I do whenever I’m on the receiving end of a bad beat. I know the old saying about keeping emotion out of the game, but it’s difficult: is there another way?
PT
Carlisle

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