I belatedly came across a prop-bet that occurred in October where SNG grinder Martin Phalaz, from the Czech Republic, had a sick task on his hands. Under his PokerStars screename 'phasE89', he had to play a massive 24,000 SNGs in one month and make a net profit (not including rakeback) during that time. The odds were 3 to 1 in his favour (if he was successful he would win 3 times his bets)
To date, I myself have played 23,000 SNGs in the whole of 2011, so playing this amount of SNGs in just one month sounds completely insane to me. When I first heard about the prop-bet I assumed he must have been playing Hyper-Turbo SNGs, but it was actually all done playing Fifty50 SNGs. I was surprised that these games were popular enough to allow this kind of volume, especially at high stakes, but with an average buy-in of $51 over the course of the bet, apparently they are!
He ended up winning the prop bet with just a couple of hours to spare, playing 24,035 SNGs in the month of October, profiting $2,898. Over the course of the month he played around 750,000 hands!
Actually though his winnings were much more sick than that. He had wagered approximately $5k on completing the bet at 3 to 1, so won $15k in bets. Factor in roughly $25k in accrued rakeback, and we're talking over $40,000 in winnings. Not bad for a months work (albeit a ridiculously hard months work)!
However it wasn't all plain sailing, phasE89 got off to a horrific start, and at the halfway point of 12,000 games was $16,000 in the red, and running badly below EV. Fortunately for him, and to the chagrin of those who bet against him, he proceeded to go on a sick heater and pulled it out of the bag. You can follow the highs and lows of the prop-bet in the 2+2 thread. Below are some graphs and stats that phasE89 himself provided:
Games played total: 24.035 games
Number of hands played total: approx 750k hands
Total cashes: $1,277,676
Total profit: $2,898
Rake paid: $54,998
Rakeback (46%, based on 600k Milestone): $25,299
Total profit including rakeback: $28,198
Average duration: 27.2 min
Average Buyin: $53.10
ITM %: 51.2%
Number of hours: 385 hours
Hourly rate: $7.53
Hourly rate including rakeback: $73.24
Total bets made: $4,563 mine vs $13,689 bettors
Total earned (profit+ rakeback + bets): $41,889
VPPs earned: 302,558
FPPs earned: 1,058,953
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| phasE89 SNGs October 2011 |
$15 - 3056 / 4.17% / $1.864
$30 - 9399 / 3.1 % / $8.754
$60 - 7524 / -0.6 % / $-2.463
$100 - 3158 / 1.5% / $4.669
$200 - 898 / -5.5 % / $-9.925
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| The Poker Gods were partially responsible for the prop-bet victory, based on that red line! |
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