Seriously
Seriously, I don't completely agree with you. Yes, sample size is important and trying to draw conclusions from 4k hands is ridiculous. Some stats, like VP$IP however, gravitate towards their true value fairly quickly. When someone has 10k hands and their VP$IP is 32%, it doesn't take a genius to see one thing that they are doing wrong. Other stats like "Won $ at SD" take much longer because, out of that 10k hand they probably when to showdown less than 2k times so in effect the sample size is reduced.
When someone posts their stats after 40k+ hands you can begin to make some general observations like, "you are folding your BB to a steal raise too often". The guy might not have ever even thought about it so he hasn't posted a bunch of hands (or any) where he folded to a steal raise. He doesn't know that he has a problem so he doesn't know it needs a fixin (that's how we say it in Texas).
Lost Wages
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