Tuesday, May 08, 2007

Multi-tabling SNG Tournaments Guide Part #1

Several posts already on ROI in SNGs including table and site selection and even a comparison with NL Cash Game ROI... clear to me that the only way to get a decent profit from SNGs these days is to play many at the same time. Of course, 'many' is in essence a subjective term, one player might think 16+ is many - another will say 4 is more than enough!

This post is part #1 of a 2 part series that will look at some of the issues involved in Multitabling Sit n Go Tournaments. Here we will cover ROI issues and thoughts on strategy adjustments. Part #2 will look at the more practical questions of whether to Tile or Cascade your tables and playing in 'sets' vs 'continually'.

Wanted to start with an important concept - it is not possible to make a decent profit playing SNGs unless you multi-table! Think about it, a fantasic player at the $20 level with a 20% ROI - average game length 40 minutes. One Tabling this player can expect to make an average of $6 per hour... hmmmm.

Of course adding more tables will reduce the ROI for each played - at the same time though the hourly profit will increase. The question is what is the ratio? How much does each table remove from your profit?

Jennifear has come up with a figure that makes intuiative sense for this - 8%, not from your overall ROI though - of your profit figure. So that is 8% of your $4 profit per game per table, the next table taking another 8% from your $3.86 etc etc. I will list the numbers and see how it works with our experience / expectations, assuming 1 game = 40 minutes.

- 1 Table - $4.00 per game - 1.5 games per hour = $6
- 2 Tables - $3.86 per game - 3 games per hour = $11.04
- 3 Tables - $3.38 per game - 4.5 games per hour = $15.21
- 4 Tables - $3.10 per game - 6 games per hour = $18.60
- 5 Tables - $2.85 per game - 7.5 games per hour = $21.37
- 6 Tables - $2.62 per game - 9 games per hour = $23.58

Seems to work - notice that by the time we get to 6 tables the original 20% ROI has gone down to a little over 10% (ignored the rake here to keep the numbers simple). This would seem to account well for the lesser amount of reads / time to make decisions that multi-tabling involves.

Of course, there is no need to stop at 6 - while some forum posters seem to base their self-esteem on the number of tables they can play we will look at it from a profit / loss perspective only though!!

Now, 6 early game situations are far easier to deal with than 6 bubbles right? You'll be folding, folding and then folding some more... but the key strategy perspective for multi-tablers is this:

You will not always get the time to make decisions that you would like - you need a plan!

What kind of plan? OK, lets look at the various stages...

Early - Well since you'll have less time to make good post-flop decsisions you'd better cut any marginally profitable hands from your pre-flop range, the profit from these may well rely on hand reading, which you are not going to be in a good position to do! Suggestion is to know in advance which hands you will play from which positions.

Middle - Well one good aspect of multi-tabling is that it forces you to play extra-tight early, so you may well have a little fold equity by now. Again though you are looking to keep those decisions as simple as possible, a great example of this is that small pairs play better than unpaired high cards... you get immediate feedback on the flop (either hit a set or did not!).

Late to Bubble - Probably going to find yourself in push / fold mode sooner when multi-tabling (again you want easy decisions). Revisit your ICM Calculator and work out the numbers for BB150 (Stars example). Since you will have less time to accurately put opponents on ranges then err on the side of caution at first - assign 'average to loose' for opponents until you have evidence to suggest otherwise.

ITM / Heads-Up - This part is easier right? its all maths now. Again if you have not yet committed the numbers for this part of the game to memory then do so before you start multi-tabling!!

Enough for now - later in the week I will look at the Sets / Continual and Tiled / Cascaded debate. Remember our earlier analysis here - playing with just 3 other winning multi-tablers in your game can easily halve your ROI... make sure you choose the right site / tables to give the best possible chance of a good payday!!

GL at the Tables.

Mark

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