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Starting up again.

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Starting up again.

Postby Xaston » Mon Nov 15, 2004 1:49 pm

I posted this exact same thing on UPF, but didnt get many replies, perhaps the question isn't interesting, or perhaps everyone hates me. Anyhow this site looks like its picking up momentum quick, so I thought I'd join up :-). I took a short break and am almost ready to get back into things. I found while I was playing, if you followed my downfall, that I was having a few sessions where I'd start off well and lose it, and it's hard for me to leave a table when I'm up, cause I figure I can just make more, and when I'm down because I want to "get even". My solution? SnG's and a quota. I am planning on starting with an X bankroll and playing 4 SnGs per day and slowly working up the ladder. Every once in a while I'll allow myself to enter a Super Qualifier, and with my new and improved SnG skills (hopefully) I'll be able to get seats on a fairly regular basis, for the thrill of MTTs which I will never be able to give up, also the competition never seemed too spectacular there either. Questions: Does anyone have a lot of data on SnGs at various limits? I am wondering what kind of drop in ROI I can expect as I move up the buy-in chain. Also a friend of mine mentioned making over $10,000 and taxes. Say I get lucky and place in the top 3 or so of a big multi and win $10,000 or more (I can dream can't I?) , do I have to report this, and also does partypoker try and get age and identification verification if you place high in one of there large tournaments?
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Postby Nashvegas » Mon Nov 15, 2004 2:36 pm

If Party Poker doesn't have your social security number, they can't report anything tax-related. You will know whether your tournament result has been reported to the IRS based on whether Party asks you for your Social # if you live in the USA. I'm guessing that, being based in Gibralter, Party simply doesn't bother with American tax law -- it would theoretically be your duty as the American citizen to pay.

Also, I despise MTT satallites, personally, because they are the highest-variance entries possible -- you are basically multiplying the SNG's variance by the MTT's variance, meaning you need a tremendous bankroll to consistantly play in them. If you like the thrill, make sure you keep them down to less than 10% of your play, give or take.

At Party SNGs, I've experienced very minimal differences in skill between 5+1, 10+1, and 20+2. I've never played higher, but i've heard reliably that if you are a 40%+ ROI player at 20+2, you will preform better at the 50+5 level than the 30+3 because the higher starting stacks give you a bigger edge. Your ROI will suffer less as you go up if you play only one or two SNGs simultaniously, while at lower levels it's easy to play 3 or 4 if you're that kind of person.

If you're a high-roller, I would still *never* recommend for any player to play at the $200+15s rather than the $100+9s. Just from observing these every once in a while, the skill differences are INCREDIBLE between these two levels -- your ROI at the 100 level will be 2x your 200 level ROI, I think no matter who you are. Just so many more poor players.
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