is there such a thing as an online tournament poker pro ?

[ASPoker8]

baltosar,

i hope you are banned

hugs and kisses, adam

[baltostar]

Why would you want me banned ... unless there was some truth to what I'm saying and it bothered you ... a lot.

[NHFunkii]

oops wrong thread

[WarDekar]

Wrong thread? And you mean sickest value-bet call of all time, right? I really wonder if he misclicked lol

[stevepa]

[ QUOTE ]
Why would you want me banned ... unless there was some truth to what I'm saying and it bothered you ... a lot.

[/ QUOTE ]

rofl

[kleath]

[ QUOTE ]
Regardless of whether the P5s article was well written or not, I think the conclusion is valid. Taking money from cash game fish is what makes it possible for most poker pros. Not tournies. Actually, that guy gave tournies a very generous ROI, 80% wasn't it ?

[/ QUOTE ]

Saying a bad downswing is 50 bbs invalidates everything in the article, because the writer lacks the understanding of the game he speaks about.

[gobboboy]

Guys, just stop posting and feeding the troll. He's only doing this to get attention. Might as well close the thread.

[pacecar86]

war/balto - on IT dev rates - in Chicago area at least, $100-200/hr might have been possible a few years ago for a one-off, seasoned, indie contract project manager type who could do analysis/design & bill out, mebbe 1600 hours a year, 3K hours would be a big stretch....these guys were always targeted for replacement by cheaper, permanent employee hires, or, by forcing them to join larger service aggregators for lower rates, like COMSYS...aaannnnddd...with India based firms packaging on shore H1B visa guys running offshore code grinders, these "seasoned" rates fell below $100...unless you are an indie at the grey beard expert specialty level, able to sell work/close deals, $200/hour would be at the highest end...even the old "Campbell Soup" recipe man (the one guy in the world who knows)can't find much work these days cuz the India firms are so good/cheap/fast at reverse enginnering legacy applications.

[THAY3R]

Guys,

I just closed all of my accounts, and will be applying for a software job tomorrow morning.

Trip report to come!

[baltostar]

The underlying problem with online tournies is the relatively low limits on $ throughput (versus, say, financial trading).

Gotta figure Bax is about as good as it gets. Plays most of the big online tournies, plays multiple tournies each day, avg of about 4/day. His ROI is 125%, which is very nice.

However, his throughput (the amount of money he can put to work) tops out at about $240K / yr , capping his profit at $300K / yr.

Why is this? It's a combination of :

(1) tourney payouts are directly proportionate to the avg $ buyin , but at the higher buyins the pool of potential players is relatively small , thus limiting the # of such tourneys available

(2) the lengthy amount of time required to play a tournament requires that large purses be pursued

(3) unless someone's got a really good tourney bot, presence at the game is required, and so the human endurance factor limits hrs available

Maybe there's teams out there with training methods that get good result. That's a more scalable ROI model.