Profit, ROI & rake

harding10

Would players normally calculate profit & ROI before or after rake?

I've always included rake in mine, but looking at my stt sharkscope for May the roi has obviously not included rake payed.

ACEGOONER

There is a setting on sharkscope advanced features that allows rake to be included as a percentage. The problem with sky is the rakeback is exponential. That is to say the proportion as a percentage changes as you accrue more points.

Rakeback is part of the overall profit, but its very diffucult to get a true measure of roi when you incorporate rakeback.

I tried to factor in rakeback to my may stats for may and failed miserably. Perhaps one of the mathematicians can help!

harding10

I'm a very, very long way from rakeback acegooner, but the sharkscope figures for May caught my eye.

I know I've played £11 worth of NLHE stt's during May, so £10 worth of actual tournament entries and £1 in rake. I've won £16.50 of prize money from these.

I would say I've made £5.50 worth of profit from this, 50% roi.

Sharkscope says I've made £6.50 worth of profit, 65% roi, so has to be leaving rake out of the buy-in figure.

Just interested in how people view their own figures.

ACEGOONER

In Response to Re: Profit, ROI & rake:

I'm a very, very long way from rakeback acegooner, but the sharkscope figures for May caught my eye. I know I've played £11 worth of NLHE stt's during May, so £10 worth of actual tournament entries and £1 in rake. I've won £16.50 of prize money from these. I would say I've made £5.50 worth of profit from this, 50% roi. Sharkscope says I've made £6.50 worth of profit, 65% roi, so has to be leaving rake out of the buy-in figure. Just interested in how people view their own figures.
Posted by harding10

Thats strange, because if I play one £10+1 STT, scope shows £9 profit for a win. So buyin fee is included, but as I said the return is NET of rakeback. You need to tweak the advanced features to incorporate it.

MrWh1te

SharkScope is a dodgy thing and figures will usually be incorrect.  I use it a lot for general guidance as to whether a player is a winning or losing player and whether there money comes from the odd big win etc but thats about all.

To give some prospective of Scoping:

On one site, I deposited $318 and lost $100 on cash making $218 roll. I stopped playing cash on that site. It is now on $450.  But scope shows me having a $900 profit.

On this site, I have two alias (one account, support changed my alias when I was getting a lot of abuse off of two players who were following me around).  Now, my old alias shows $400 profit, my new alias has shown me as a $400 loss (which is why I am on the mtt tables only atm, pride and all that). 
But I have withdrawn over £2000 total profit and still have a £250 roll here.

In short, it is up to you how you calc winnings (I always add rake and all that and any rakeback, by doing a simple start/end total per day/month) but make sure you do your own figures and don't rely on scoping

tiercel

Its simple to calculate winnings. You pay money into your Sky account and you take out your profits which are your return on investment. Why make it more complicated ?