The secret to making money in Sit and Go Tournaments is to win them. Just kidding.
Obviously you have to finish in the money around 50% of the time to be profitable.
But the real thing a player must do is make sure they don't pay any more than the standard 10% rake fee. If you play at the higher limits, this is not a problem as all poker sites stay to the 9% or 10% guidelines.
I personally think 10% is too high and makes it virtually impossible for all but the best players to stay above even in SNG's. But that seems to be the fee that is still selling tourneys.
You have to make sure as a player you do not pay 15% to 25% juice to enter any tournament - but especially SNG's. Some of the $1 SNG's have a 20% or 40% juice rate in order to play. You just could never win enough to stay profitable. Even playing for entertainment, the extra juice money will grind you to powder quicker than you think - just like taxes.
It would be better to play at a much higher tourney fee SNG and pay only the 10% juice - than to play at the lower stakes and pay that high fee. The rake money disappears into a black hole and you cannot win it back.
Here are the five best sites for playing $5 SNG's as they only charge the 10% rake and have plenty of players to make sure you are not sitting too long when you want some tourney action:
1. Poker Stars
2. BoDog Poker
3. Full Tilt Poker
4. Ultimate Bet Poker
5. The Gaming Club
Good luck - Nik
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8 comments:
Thank you Nik!
didn't you 2 go golfing last weekend, I was wondering where the it's a girl cigar was......
I gave one to Nik to give to you Tolly.
I don't remember any cigar being given - either to ME or TOLLY!
You got one Nik and you thought it was too strong (no shock there).
And thanks a pantload for obviously smoking Tolly's gift from me.
I don't remember that cigar having a label on it that said,
"My penis is small and I am pussy-whipped so I cannot put the stem on the apple and had another daughter."
No such label was on it.
And we traded cigars at the time so how was that a cigar for the birth of your (2nd) daughter?
Yeah Fourputt I gave Nik a nice strong cigar and he went and gave it to the LIBERAL across the street
Obviously that is also where the one you gave him for me went, he likes em strong across the street
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