The poker room I use has sit and go double up tournaments. 10 player tournaments where the top 5 double up and bottom 5 lose.
Lets say I turn it into a 4 game chase.
game 1: $5 to win $10 ($9.65 profit after rake) game 2: $10 to win $20 ($13.95 profit after combined rake) game 3: $15 to win $30 (12.95 profit after combined rake) game 4: $25 to win $50 ($16.20 profit after combined rake) Loss = -$55 (-$58.80 after combined rake)
So if I lose game 1, I move to game 2, if I lose game 2, move to game 3, ect... Lets say I can maintain just a 50/50 winning percentage per tournament, Mathematically I would have a 93.75% chance of winning the chase. Lets say I play under .500 and win the chases at a 90% rate. That would still equal a estimated $465 profit over 100 chases. Am I doing any of this math wrong because this seems like either a miscalculation on my part or easy money.
The poker room I use has sit and go double up tournaments. 10 player tournaments where the top 5 double up and bottom 5 lose.
Lets say I turn it into a 4 game chase.
game 1: $5 to win $10 ($9.65 profit after rake) game 2: $10 to win $20 ($13.95 profit after combined rake) game 3: $15 to win $30 (12.95 profit after combined rake) game 4: $25 to win $50 ($16.20 profit after combined rake) Loss = -$55 (-$58.80 after combined rake)
So if I lose game 1, I move to game 2, if I lose game 2, move to game 3, ect... Lets say I can maintain just a 50/50 winning percentage per tournament, Mathematically I would have a 93.75% chance of winning the chase. Lets say I play under .500 and win the chases at a 90% rate. That would still equal a estimated $465 profit over 100 chases. Am I doing any of this math wrong because this seems like either a miscalculation on my part or easy money.
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