Newbie Question

sng-sam · #1 02-13-2005, 12:56 AM

I searched with too many results.

what is risk of ruin and how does it specifically apply to sngs as opposed to other gambling ventures.

you guys are great I'm enjoying my education.

lorinda · #2 02-13-2005, 12:58 AM

Risk of ruin applies to all gambling ventures.

It is the chances of you busting based on all the available information.

If you are offered a coin flip for all of your money but you are getting 10-1 odds, your ROI is huge, but your risk of ruin is still 50%

Lori

raptor517 · #3 02-13-2005, 01:01 AM

if i was getting 10-1 on a coinflip for everything i ever owned i would still take it, its worth going bust. [img]/images/graemlins/cool.gif[/img]

sng-sam · #4 02-13-2005, 01:06 AM

how do I apply this to BR management and sng play?

I know "if all else fails river quads" [img]/images/graemlins/smile.gif[/img]

SuitedSixes · #5 02-13-2005, 02:19 AM

Find AleoMagus' spreadsheet, it keeps track of any stat you could ever want.

AtticusFinch · #6 02-13-2005, 02:21 AM

[ QUOTE ]
how do I apply this to BR management and sng play?

I know "if all else fails river quads" [img]/images/graemlins/smile.gif[/img]

[/ QUOTE ]

It basically allows you to set your bankroll size based on the risk you are willing to accept of blowing your entire bankroll.

You can use this tool to figure out what your risk of ruin is for various bankroll sizes and projected ROI: http://www.bol.ucla.edu/~sharnett/po.../rorcalc2.html