Just to reiterate: I am not a MTT or SitnGo player, usually I might play 1 or 2 tournaments a month depending on how I'm feeling.
The PLO8 MTT Experiment
Abstract
This study concentrates on the amount of profits generated from Pot Limit Omaha (PLO) cash games compared with the amount of profits generated from Pot Limit Omaha Hi-Lo (PLO8) Multi-Table Tournaments (MTTs). This experiment was conducted purely for me to observe how well I performed in PLO8 MTTs and whether or not I should continue to play them. One MTT was played daily over a 30 day period. Five cash games tables were generally played simultaneously to the MTT and ended when I busted in it. The MTTs' buy-ins ranged from $1.10 to $4.40 and on average took about 3 hours to complete. After all the MTTs were played, it was found that In The Money (ITM) was 33.3% while Return On Investment (ROI) was 53.34% with total profits of $134.94 and net winnings of $46.94. Winnings for the cash games were $124.27.
Introduction/Method
This experiment will compare the amount of money made from 5 PLO cash game tables compared with the amount of money made from 1 PLO8 MTT each day over a 30 day period. The buy-in amount of the MTT was chosen from whatever Pokerstars had on offer at the time of starting my session. My laziness would somewhat hinder my progress and cause havok for consistency. Five cash game tables were chosen because thats the amount needed to prevent boredom and the spewing of my chips in the MTT. All of the MTTs were 'Guarantees' ranging from $500 to $1000.Results
The PLO8 MTT Results:
I cashed in 10 of the MTTs and bubbling or finishing just outside of the money on about 5 occasions. I did manage to make the final table 3 times and bubble/almost bubble the final table twice with a 10th place and 15th place finish. My highest finishes were 7th, 9th and 9th which is extremely frustrating as 1st sometimes paid over $300.
Total In The Money (ITM) was 33% which was not too bad but my aim was to get that number to at least 50%. Total Return On Investment (ROI) was 53.34%. Total won was $134.94 and net winnings were $46.94
I got somewhat flustered towards the end. I felt extremely unwell all throughout the last week. That could explain the poor results towards the last 2 weeks but who knows.
The Cash Game results:
Total number of hands played 20,305 and total profit made from ring games was $124.27. The trend of running below EV is standard for me and perhaps everybody who plays PLO as you can notice towards the last half of the graph.
I was playing well and even had enough time and profits for a flip with a former regular. (For those who do not know what a flip is. Its mutually agreeing to go all in preflop with another player without knowing what your cards are). Fun times~~
Conclusion
There isn't much to say really. There are way too many variables and inconsistencies to make this a fair test but that wasn't really my intention. I made more money in cash games which is what I had expected so no surprise there. Although if I did bink one of the tournaments then that would've been a different story. So in conclusion, I'm good at PLO8 MTTs but I'm better at PLO cash games.
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That was a pretty fun experiment and I hope you enjoyed reading up on it. I may continue to play the PLO8 MTTs once I understand all of the differences between PLO8 MTTs and ring games (i.e. whether or not to raise or limp preflop (and at what stage in the MTT), bet sizing with a bluff and with the nuts (would you need to compensate for balancing your play?), to bet, check or raise with the one-way nuts in a multiway pot (For example A24Q on a board of 346J7 with 3 other players), hand selection in relation to position (I need to find out if this is actually that important because any hand you choose to play would be miles ahead of the 90/0/30 donks) etc, etc)
So this is it. My last post of 2012.
Happy New Year Everybody~ I hope you all run good and avoid those bad beats in 2013,
BluffTwice
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