Friday 23 July 2010

Sponsored losses!

So with nerves and trepidation in abundance, I got through my first two days of sponsored play.

Day1: Squeezed out 20 SNG tournaments at a cost of $286, with a return of $174 - a negative ROI of -39%. In summary, played ok, but ran real bad.

Day2: 29 tourneys at a cost of $396, with a return of $266 - a negative ROI of -32%. Bigger cash loss, but slightly improved negative ROI. Ran worse than day 1.

Start of Day3: Wrote email to mentor - worried about how these early resultswould be viewed, but apparently everyone loses in the first few days until they get used to the concept of playing with someone else's money, and find their feet with their standard game

Day 3 so far: 13 tourneys up to 14:30 today, cashed in 7, total buy in $187, with a return of $282 - positive ROI of 51%.

I like Day3 best.

Am playing a mix of $11 and $22 Single Table Tournaments, some 6 handed and some 10 handed, some standard clock and some turbo...... seem to be settling on the 6 handed turbos though as a means of getting through more volume (they also give me my best ROI at present at +18% for 37 tourneys)

Overall so far - 62 tourneys played, $869 buy in, $722 return, $147 loss, negative ROI -17%.

Summary - must do better.

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