What Are Mtts In Poker
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About MTT ROI (Return on Invesment)
Poker players measure their success in MTTs by ROI (Return on Investment). This is calculated by averaging your net MTT profit divided by your entry fees x 100 to give a percentage. For example, if you’ve played 10x$10 buy-in MTTs and made a total profit of $50, then your total ROI is (50/100)*100 = 50%.
To quickly calulate your or somebody else’s ROI you can use free software such as sharkscope.
What is a Good MTT ROI?
This is debatable because some poker players will be happier with a lower ROI than others.
Poker forums and their communities seem to suggest a 20% ROI is very good, whilst anything above 0% is good for new players.
Your ROI is pretty subjective to how many games you play. Poker tournaments contain lots of variance and you’ll need a big sample of 100+ MTTs to give an accurate figure. If you’re playing small MTTs such as the $3 KO 90-man events at Full Tilt Poker than you’ll need less than this to get a good sample, but for the major guaranteed events like the UB $200k GTD or Full Tilt Poker’s $10k Daily Dollar than you might even need 200+ games for a decent sample size. In either case there are plenty of forum threads and MTT players at Pocket Fives who you can ask if you’re unsure.
MTT ROI Stats:
- <0% Very Bad. You’re losing money in the long run and probably doing everything wrong.
- 0% Bad. Breaking even but still not getting paid for the effort you put in.
- 10% OK. This is ok. You’re making more money than 95% of everyone else in MTTs.
- 20%-30% Great. This is a very good ROI for MTTs. You’re probably in the top 97% of the field.
- 30 – 80% Pro’s. Professionals will aim for 40%+ ROI in MTTs. For example, Chris Moorman is the UK’s best online tournament player according to PocketFives 2008 rankings and earns around 36% ROI in tournaments.
How to Improve Your MTT ROI Significantly: One of the simplest ways of improving your ROI is by playing in tournaments with softer competition. Most of the scheduled tournaments at Carbon Poker with buy-ins below $30 contain very weak competition and even the most limited players can produce a good amount of ITM finishes. You can sign up to carbon pokerwith a $600 bonus. Enter deposit code MosesBet1 to get a free coupon to the daily $3k Gtd.
ROI Isn’t an Exact Measure of Profitability:
ROI doesn’t paint a true picture of how much money you’re really making. For example, earning 30% ROI in a $40 MTT is much more profitable then earning 50% ROI in a $5 MTT. It’s important to find a balance between a good ROI and stake that suits your bankroll/ability.
Mtt Poker Tournament Strategy
In small SNGs, ITM is a very useful tool for judging how competent you are. For example, in a 9 person Sit n Go where the top 3 people get paid you’d naturally expect nothing less than 27% ITM. Anything less than this and you’d be losing money on average.
What is a Good ITM?
Most pros will have an 15 – 20% ITM. Personally I think anything above 10% is not bad going.
A lot of players will often play badly in the later stages of a tournament. Passive players in particular will might be able to make ITM finishes, but their conservative playing style will hinder their chances of reaching the final table.
In conclusion, getting a good ITM is good but there is much more work to do to establish a killer ROI and become a top player.
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Over the past couple of years, there has been an explosion in regard to the Game Theory Optimal or ‘GTO’ approach to poker. If you are reading this post you probably have some idea of what this actually means. It’s a complex subject but ‘playing GTO poker’ basically means playing in a way that means you cannot be exploited by your opponents whatever style of play they adopt. Every base is covered, no theoretical stone is left unturned.
Pure usage of GTO poker strategy by any individual will mean that essentially you’re a perfect poker player. Which is perhaps why is not the best strategy to adopt in some poker formats. Especially in the crazy, variance ridden of world MTTs.
Mtt Poker Strategy
GTO and tournaments
A significant amount of high stakes and mistakes MTT players now look to replicate GTO in order to improve their MTT game. Many have turned to the poker GTO solver PIO solver, which has become one of the most popular GTO poker solvers in the world (however you choose to pronounce it). Until a few years ago pretty much all MTT players played what was called a purely exploitative style of play. This essentially means that you play the player and situation, whatever the math says. Of course, this strategy is extremely difficult to perfect as you need to adapt your play to every single player, while six to twelve tabling in some cases for online players.
This has been the issue for many players, especially those in the high stakes arena trying to embrace the GTO poker approach that has been filtering down from the high stakes cash games online. Rather than playing the player, you play an overall range and strategy that is static and cannot be adjusted. However because this GTO strategy is so good it doesn’t matter that you don’t adapt or deviate from it because it cannot be beaten, if applied properly.
Misapplication of GTO in MTTs
The last part of that last sentence is the crucial one to consider when thinking about GTO and MTTs, ‘if applied properly’. The problem with humans is that are not really that smart compared to AI and robot counterparts. Also, they have lots of emotional and mental fallbacks that disallow them from applying perfect game theory for any significant amount of time. In reality, it’s impossible for humans to apply GTO poker properly at all times, so they have to make do with getting as near they can to a perfectly balanced poker strategy. This means that most players have one foot in and one out of the GTO world. Which can lead to many errors.
Statements like this might enter a players head when getting to the river in a certain hand:
GTO says check (I think) but it can’t be that bad to shove all in right?
GTO says check but I know this guy will fold too much so I am just going to jam all in, probably the right thing to do.
Mtt Poker App
GTO quite likes a mix of strategies here, so it doesn’t really matter what I do here with this one, whatever!
The problem with GTO is that is too complicated for our little human brains! So we just try to do the best with it we can, which again leads to problems in regard to proper strategy.
Basically nobody plays proper GTO in MTTs, so you shouldn’t either.
Another reason to not adopt a wholly GTO strategy in most formats of poker, especially the wild west of tournaments is the fact that basically none of your opponents will be adopting a rounded GTO strategy, even if they think they are!
Players will nearly always switch to an exploitative style when playing versus fish/weaker players or overly aggressive or passive players. Which means that if you apply a purely GTO approach yourself then you will likely find yourself misapplying theory because your opponents will not react the way they are supposed to.
What Are Mtts In Poker Games
Take this example:
Mtt Poker School
GTO theory says that you must three-barrel bluff a certain combination of hands. So you do, and the fish calls with the third pair anyway. And they will basically every time, because they don’t care about your precious GTO poker strategy.
GTO strategy only works if your opponent is playing to the same rigid rules that you are, for instance, that should always fold a certain hand in a certain scenario, which of course, in reality, will not happen in many instances. Playing GTO poker does not account for emotion, tilt or the fact that some players just do not like to fold much.
But that doesn’t mean that GTO isn’t an extremely valuable tool in MTTs.
Despite the above paragraph, this blogpost is no way suggesting that GTO poker should be avoided in MTTs. Simply attempting to become anywhere near as good as GTO will make you a much better player, in the long run, as if you’re really studying hard and trying to adopt a better strategy then you likely will.
The main thing to remember with GTO and its relation to a lot of poker games/situations is that it’s good to have a GTO style baseline to work from but you must adapt from it whenever the situation dictates that you should.
And because MTTs are a game of constantly shifting stack sizes, dynamics and factors then having a rigid if fantastic GTO poker strategy will be very problematic for most players. As in trying to play perfectly they instead end up having misapplied and confused strategies versus opponents that they know little to nothing about.
So in summary, the word to use when comes to MTTs and GTO is caution. Learning proper ranges and GTO strategies will no doubt improve your game but just don’t assume that because the math says your opponents will fold this hand or call another that they will!
Online Mtt Poker Strategy
In reality, it’s only when we get to high stakes MTTs and cash games that true GTO poker strategy can be applied, as both not just one player is actually adopting this extremely complex and diverse approach to the game of poker.