One of our college hall-mates liked to say: "Close, but no cookie." That sums up our last ten live tournaments pretty well. Would two final tables have been enough to improve our record, if real money was on the line? Let's check, using our usual standards....
BUY-INS: 90 nights x $50 = $4,500
We only finished in the top five once in the last ten, and that was a fifth-place showing. Presuming a payoff of $500 for first, $400 for second and so on:
First -- 4 ($2,000)
Second - 4 ($1,600)
Third -- 4 ($1,200)
Fourth - 5 ($1,000)
TIES for fourth:
one two-way ($150)
one three-way ($67)
Fifth -- 6 ($600)
TIE for fifth: 1 ($50)
TOTAL -- 22 for $6,667.
The return on our pretend "buy-in investment" is dropping -- but still stands at 48.2%.
Looking at it another way: we'd finish "in the money" at live events 24.4% of the time. At NBC Sports online tournaments, we're getting "top ten percent" finishes (good for money most of the time at a casino) 22.9% of the time. That's a closer percentage than we expected.
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