coolhanded
06-13-2005, 01:40 PM
Basing "required bankroll" on this formula from this article (http://www.thepokerforum.com/angel1.htm) :
Required Bankroll = -(SD^2/2*hourly win rate)*ln(risk of ruin)
QUESTION: What is Required Bankroll for 2 tables? 3 tables?
Seems to me a simple multiplication by # of tables doesn't work for multiple tables. That is, if required bankroll is $1000, wouldn't required bankroll for a 2nd table (same limit) be LESS than $2000? Doesn't a 2nd table "diversify" your risk somewhat?
Problem is, I don't have a solution for calculating required bankroll for multiple tables.
Thoughts?
Required Bankroll = -(SD^2/2*hourly win rate)*ln(risk of ruin)
QUESTION: What is Required Bankroll for 2 tables? 3 tables?
Seems to me a simple multiplication by # of tables doesn't work for multiple tables. That is, if required bankroll is $1000, wouldn't required bankroll for a 2nd table (same limit) be LESS than $2000? Doesn't a 2nd table "diversify" your risk somewhat?
Problem is, I don't have a solution for calculating required bankroll for multiple tables.
Thoughts?