Overcoming the 10% Juice in Sit-N-Go

The juice seems too big, but no so after doing the math.

# of Players:  6

Buy In:  10¢ + 1¢

Prize:  1st - 42¢, 2nd - 18¢, 3rd - 6th 0¢

Average Players Chance of Winning 1st or 2nd:  1/6 or 16.7%.  So at this win percentage the  average player's average win per round would be 60¢

Cost: 11¢ x 6  or 66¢

Break Even:  x = the higher win percentage to break even
42¢x + 18¢x = 66¢
x = 1.1
1.1 / 6 = 18.3%
So the break even percentage per hand is 18.3%, a bit more than 16.7%. With the better players
at the higher stakes, the micro sit-n-gos should have many loose players.

Pot Limit Omaha

This game, after a little checking, is second in popularity after no limit hold 'em.  Fixed limit hold 'em is third in popularity.  In pot limit omaha the pots can be big and is like no-limit.  This game seems to be growing in popularity compared to a few years ago when fixed limit hold em was the second most popular game.

Ladies Only $200 Freezeout

This was a choice tournament to enter into, if you were a lady, and it started a few minutes ago. The $200 is spread over the top five places, and there were only 37 players.  The minimum required is 20 players and the maximum is 2,000.  The buy-in was $2.20 so the 37 players spent a total of $81.40, and the payout is $200. 

This is a ladies only tournament and they are practically giving money away. In open tournaments, these situations are virtually non-existent.


1st Place  $80
2nd Place  $50
3rd Place  $30
4th Place  $24
5th Place  $16
Total Payout  $200.

$2.20 buy-in @ 37 entries = $81.40.