Latest posts of: UgotNuts

What makes you think he is a winning player?

Why can he not bankroll himself from his regular job?

I doubt his figure is based on anything too solid and I doubt that for someone who this is a new experience for should be taking on such a deal. The hours involved, emotional discipline needed and finding a plus ev schedule, especially for him who will be providing 100% of the time and be receiving less than a 100% of the money in a live environment which whilst having lower variance involves more costs and more pitfalls of being in a casino. This is a really bad idea. To play live tournaments for a living you honestly need to be playing with an average buyin of probably £1k or higher and even then it is heavily dependent on your overall expenses. I don't think it is worthwhile travelling to a GPS for over £80 worth of expenses and I'd imagine my roi is higher than the potential horse.

Just buying x% of his action and not committing him to a deal with makeup seems to make much more sense for both parties.

why would you have to play 1k buy ins to play for a living? It all depends on how much money you require to make a living rather than just trying to win a small to medium house.

GPS in Birmingham. £20 petrol, £20 food (seems low, 2x meal 1x brekkie) £50 hotel £90 in expenses. 50% roi on 440 = 220 so your ev is £130 over roughly 6 hours playing time for an hourly of £20 but when you include getting to and from the venue being free for all day one and day two etc your hourly is just a pittance and your variance is insane.

If your ABI is £50 and your roi is 100% you need an average playing time of ~5 hours to be worthwhile and no expenses at all which just isn't possible.

I understand what you are saying, and keeping expenses to a min to maximize your ROI. But it also depends on other factors, such as the time period/number of tournaments which you take into account. You cant just pluck a figure of 50% ROI as an average figure. An average prize pool for the an ABI of £50 will normally be around the 5K mark with about 1600 up top, you could potentially win 31 times your buy in for a much higher ROI of 50, and depending on your skill level finish in the top 3 positions about 1/5 of the time. A know a few people who achieve this type of return in local comps in such as Luton G casino.

Having an average hour rate of £20 quid playing 40 hours a week 48 weeks of the year, your making 800 quid a week, £41,600 a year tax free......

20% of the time you think you will finish in the top 3 in a 100 runner 1 day live turbo donkfest? Are you serious? You talk of plucking figures out of the air where do you get this 20% figure from and the £20 average hourly rate (this was mentioned by the previous poster on a £440 buy in comp where said player has a 50% roi in these types of games)? Have you factored in rake for these type of comps which will be 10% min more likely 15-20% on the buy in. Expenses getting to and from the venue, travel time getting to and from the venue? A weekly or twice weekly tip for the dealers as you plan to finish top 3 at least once a week?

I trying to think of something constructive to say in response..... If you cant final table 20% of the time (top 3 as stated above) then you shouldn't be considering being a MTT Pro. We are not talking about a "Fun"player" who will final table once in a blue moon.

And yes an Average hourly rate of £20 would indeed include expenses.

How is final tabling a 100 runner event finishing in the top 3? (you state £5k prizepools with abi of £50) so it's fair to assume there is 100 runners in these events. I assume FT will have 10 players on it. So you have gone from finishing in the top 3% of an mtt to the top 10% of an mtt 20% of the time. Big difference.

Run me through the maths of where you get a £20 hourly rate AFTER expenses from playing £50 100 runner live mtts if you wouldn't mind?

I have changed the goal posts in regards to finishing top 3 to final table I'll give you that one. What would you say the normal percentage of time someone final table's and then go on to finish in the top 3? 33% based on 9 handed final table? so based of making the final table 20% of the time your going to make the top 3 6% of the time. I'll run the numbers later on today and see what it pops out as an hourly rate.

The £20 an hour was an example from the post I replied to. I simple put that figure in a 40 hour week..... It would all depend on how far you live from the venue ect ect.

Run those numbers, & you'll not cover the buy-ins for the 100 MTT's, or at best only cover them marginally.

Turn the numbers upside down.

Fail to cash 80% of the time.

Cash small (4th - 10th) 14% of the time.

Cash top 3 6% of the time. Assume an average of 2nd place. 100 runners comp, £55 Buy-In, £5,000 Prize Poool, what would 2nd pay, £800? 6 x £800 = £4,800. Our Buy-Ins cost us £5,500.

We have not considered exs yet.

We must be misunderstanding each other, it's simply not possible to "make a living" on those numbers, even if they could be achieved.

How do you define "make a living"? £200 per week? How many Live MTT's per week do we need to play, & finish Top 3, to end up with £200 per week profit AFTER exs? That's EVERY week, not some weeks.

2 blank weeks - perfectly normal - & now we need to make £600 this week.

You are perfectly right Sir, in my stupidity I was assuming we are making 20 quid an hour as per the post I responded to originally. Lesson learned. If you run it over a course of 100 MTT you would indeed be making a loss.

No worries man, we got there in the end.

It worries me - really worries me - when these threads say stuff like that, & youngsters get it in their head that they can go play Live MTT's & turn a living. They can't, (unless they are quite exceptionally talented), & we must not let them think they can, it will end badly.

"Sir"? No need, no need. "Sir" is usually resereved for important peeps, or very old people.

I was described yesterday as a "total fucking clown" by a riggie. Somehow, it seemed so much more appropriate.

just to clear something up, does it make a difference at all if you play higher buy in events, say 1K over the same period. I guess this will end in the same way, but the prize pools will differ a lot (1M for ukpc main event, compared to 200K for GUKPTs)