Wandigo 1 Posted May 23, 2008 Share Posted May 23, 2008 ROY RULES!! Link to post Share on other sites
flintsword 4 Posted May 23, 2008 Share Posted May 23, 2008 Please, please get rid of that Tony Danza avatar....it really creeps me out.I second that. As for ROI a.k.a. "Return on Investment" (a.k.a. = also known as, since we are defining things ) it is important to keep ROI in perspective.A negative ROI is not necessarily bad if you are learning poker. Learning often means an initially negative ROI (hopefully a SMALL negative ROI) but it is probably the wrong measure for a beginner.I find for beginner poker players, instead of concentrating on "ROI", you should dedicate yourself to keeping good records and think in terms of:"Earn Rate" and "Burn Rate" which is usually a monetary amount per hour. Earn rate = how much per hour you are winning.Burn Rate = how much per hour you are spending.Notice I use the word "spending" instead of "losing". If you are learning poker there is going to be a cost. Most people have "burn rates" over their poker lifetimes. Poker tournament players often get deep into a hole until they miraculously score a major tournament and even out. You can check this phenomenon at www.bluffmagazine.com/pokerdb by looking up the list of recent winners of the $100,000 prizes. More than half are breaking even after their big score. The rest are bricking gold ... but that is good.Thought I'd throw that out as an add-on to the ROI question which, IMHO (IMHO = In My Honest Opinion), is a good one coming from a beginner poker player. That said, figure out your "burn rate", then work to reduce it ... Link to post Share on other sites
El Guapo 8 Posted May 23, 2008 Share Posted May 23, 2008 ROY RULES!!I hadn't seen that before, I hope that picture was really Roy and that he had no idea that was going to be on Tv. Link to post Share on other sites
Potsie P 0 Posted May 23, 2008 Share Posted May 23, 2008 I second that. As for ROI a.k.a. "Return on Investment" (a.k.a. = also known as, since we are defining things ) it is important to keep ROI in perspective.A negative ROI is not necessarily bad if you are learning poker. Learning often means an initially negative ROI (hopefully a SMALL negative ROI) but it is probably the wrong measure for a beginner.I find for beginner poker players, instead of concentrating on "ROI", you should dedicate yourself to keeping good records and think in terms of:"Earn Rate" and "Burn Rate" which is usually a monetary amount per hour. Earn rate = how much per hour you are winning.Burn Rate = how much per hour you are spending.Notice I use the word "spending" instead of "losing". If you are learning poker there is going to be a cost. Most people have "burn rates" over their poker lifetimes. Poker tournament players often get deep into a hole until they miraculously score a major tournament and even out. You can check this phenomenon at www.bluffmagazine.com/pokerdb by looking up the list of recent winners of the $100,000 prizes. More than half are breaking even after their big score. The rest are bricking gold ... but that is good.Thought I'd throw that out as an add-on to the ROI question which, IMHO (IMHO = In My Honest Opinion), is a good one coming from a beginner poker player. That said, figure out your "burn rate", then work to reduce it ... QFT...so much so I posted it in the other thread about SNG ROIs, as well. Thanks, flint. Link to post Share on other sites
TonyDanza 0 Posted May 23, 2008 Author Share Posted May 23, 2008 I second that. As for ROI a.k.a. "Return on Investment" (a.k.a. = also known as, since we are defining things ) it is important to keep ROI in perspective.A negative ROI is not necessarily bad if you are learning poker. Learning often means an initially negative ROI (hopefully a SMALL negative ROI) but it is probably the wrong measure for a beginner.I find for beginner poker players, instead of concentrating on "ROI", you should dedicate yourself to keeping good records and think in terms of:"Earn Rate" and "Burn Rate" which is usually a monetary amount per hour. Earn rate = how much per hour you are winning.Burn Rate = how much per hour you are spending.Notice I use the word "spending" instead of "losing". If you are learning poker there is going to be a cost. Most people have "burn rates" over their poker lifetimes. Poker tournament players often get deep into a hole until they miraculously score a major tournament and even out. You can check this phenomenon at www.bluffmagazine.com/pokerdb by looking up the list of recent winners of the $100,000 prizes. More than half are breaking even after their big score. The rest are bricking gold ... but that is good.Thought I'd throw that out as an add-on to the ROI question which, IMHO (IMHO = In My Honest Opinion), is a good one coming from a beginner poker player. That said, figure out your "burn rate", then work to reduce it ... after 400 SNGs, 5.50s, 10+1s, my ROI was 25%. Now at 530, it's 13%. Something tells me I'm horrible. But thank God for this game I suck at. Link to post Share on other sites
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