Poker ROI – Are You Tracking Yours?

What was your ROI for tournaments last month? If you don’t know and don’t track, how do you know how you are doing? How are you monitoring your performance? 

What is Poker ROI?

ROI is the abbreviation for Return on Investment, the term used all over the world, particularly for investment and business purposes but also amongst serious tournament poker players. It is a way to track results and understand how you are performing. It can also be used to judge whether a particular game or format is appropriate for you, whether it’s even worth playing.

How is Poker ROI Calculated?

Working out your return on investment is very easy. All you have to do is divide your overall profits/earnings by the amount you spent and multiply by 100 to give you the %.  Please note that profits mean the amount above the buy in e.g. if you buy in for $100 and cash for $125, then your earnings or profit are $25.

ROI Formula

Example:

ROI Example


Poker ROI

What ROI Should I Expect?

I don’t think there’s a universal target for poker ROI but obviously the higher, the better. Think of it this way, for each $1 you invest, how much do you hope to make from it? 30 cents, 40 cents? I think the key is to monitor and improve your ROI over time. It’s worth noting, that you need data and a decent sample size to draw interpret ROI. A sample size of 10 tournaments and a 500% ROI is unlikely to be sustainable. Data doesn’t lie and you need a decent amount before you can brag about having a massive ROI. 

How Should I Track ROI?

The best way to track tournament ROI is to record your results every time you play. I recommend recording it on an excel file, a column for date, spend and earnings. This can easily be converted to graphs or charts over time. The important thing is to make a habit of recording your results every time. After all, the information will only be as good as the data that is entered, so be honest and accurate and it will reveal amazing insights over time.

Conclusion

Tracking and monitoring performance is an important part of being a serious, winning poker player can’t be overlooked. You need to treat your time, effort and tournament playing as an investment and what you can expect to yield from it. It doesn’t matter if you’re playing poker in Bulgaria, USA or South Africa, its only by tracking your ROI, will you understand how you are performing, whether you are playing the right games and if it is time to move up stakes. You will also know how much money you can realistically make in the long run.

If you have any questions about poker ROI or advice on how to implement, feel free to contact us and we will be happy to help.


Focus

This is so simple and obvious but a worthy reminder for all poker players. We often forget though; just how important it is to concentrate and focus. You’re following twitter, checking the football scores, chatting to friends and still playing poker at the same time?
Poker is hard enough now trying to overcome the tougher calibre players and bad beats without diminishing what edge you do have.

How many tables are you playing? Is this your optimum amount to play at or have you even thought about how many tables are your optimum for playing? Does it differ between tournaments and cash games? Perhaps you need more focus on cash games so need to reduce tables there but can play more tables with tournaments.

Players often just play on autopilot or robotically, don’t become complacent and do the same! If you want to win regularly and maximise your earnings, you need to focus.

I challenge you to do an audit of yourself and find out how focused you are. Ask yourself the following questions and be honest with yourselves.

  • Are you playing the optimum number of tables?
  • Are you doing other things whilst playing?
  • Have you played on “auto-pilot” in the last week?
  • Have you played whilst tired in the last week?

If you’re answering yes to any of the above questions then you are sacrificing some of your edge and costing yourself money. Don’t give up any of your edge, FOCUS!

 

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