#11
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
You poor misunderstood math whiz [img]/images/graemlins/smile.gif[/img] I think people have an easier time interpreting simulation results than naked statistics.
|
#12
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
Aleo,
Thanks for putting up with all of us "non-math" guys and posting your response. I have saved it and will now flame anyone that asks this question again. And don't you worry, it will be a healthy flaming. Flamethrower. aka Sigma |
#13
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
how do u calculate the floating bankroll required for a buy-in at a certain roi%?
that is, say u are 30% on 11s/22s...u wanna have a br of x buyins and then at the end of each week/month you wanna cash out all money above x buyins...what is needed then? i guess what that is asking is what is the largest dip you expect to see (not streak of ootm, but lowest possible point u would get to) in, say, 1000 tournaments for instance, u could go 10ootm then get 3rd in 2 tournies then 10 more ootm, so ur actual drop isn't just 10 buy ins, but 18... say x for 30%roi is 50 buy-ins...then i could just deposit 550 into pp and play the 10s and each friday i can pay myself any amount that is over 550 in my account...if it's 550 or less i don't get paid...over 1000 tournies, i expect to cash out $3300 total, so if i then go broke on the 550 at some point after 1000 tournies, then that's fine, i'll just reload is there a formula or would a bunch of sims just have to be ran? |
#14
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
</font><blockquote><font class="small">Svar på:</font><hr />
You poor misunderstood math whiz [img]/images/graemlins/smile.gif[/img] I think people have an easier time interpreting simulation results than naked statistics. [/ QUOTE ] That might be true, but in the case of Senseis simulations (try saying that a few times!), the simulated results are incorrect. For example, if you have 1.1% chance of going broke in 100 games with 20 buyins, then you have at least 1.1% of going broke in 500 or 1000 games. If you're broke after 100 games, you're broke, period. No more games for you! I'm not trying to flame or put anyone down, I have very likely made the same mistake in the past (maybe that's why I recognize it [img]/images/graemlins/laugh.gif[/img]) ). |
#15
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
[ QUOTE ]
SD is your standard deviation per tournament ($) [/ QUOTE ] How do you find your standard deviation ? It's hard for me to believe we can get a good number for that. |
#16
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
[ QUOTE ]
How do you find your standard deviation ? It's hard for me to believe we can get a good number for that. [/ QUOTE ] Standard deviation per tournamnet in SNG poker is equal to SQRT((F1)(p1^2)+(F2)(p2^2)+(F3)(p3^2)+(Fn)(pn^2)+( W^2)) where, F1= probability of finishing 1st F2= probability of finishing 2nd F3= proabability of finishing 3rd Fn= probability of finishing nth (note: all OTM finishes may be combined as one probability for ease of calculation) p1= Net profit for 1st p2= net profit for 2nd p3= Net profit for 3rd pn= Net profit(loss) for nth W= win(loss) rate in net $/tourney Or, you can just use one of the spreadsheets out there which calculates this for you. www.aleomagus.freeservers.com/spreadsheet My 'confidence calculator' on this site has a pretty simple spreadsheet which will do this. As for how 'good' these numbers are, I can't be exactly sure what you mean, but I will say that I think SD is a very reliable stat. This is mostly just because your SD will change so little so long as you are a winning player. Bigger winners will have a slightly higher SD, but almost all players will have an SD of 1.6-1.8 buy-ins (or 1,6-1,8 for those in chile). Regards Brad S |
#17
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
[ QUOTE ]
AAAAARRRRRGGGGHHHH. I can take all this sim stuff anymore. The actual statistical methods to just solve for any of this stuff has been covered (at least by me) on this forum a million times before. But everyone just glazes over statistics, and writes simulators to tell them the same answer. Sigh Brad S [/ QUOTE ] This is an incredibly close minded post. Many people (myself included) learn by doing. Just because you have ran and published all of the simulations doesn't necesarily mean that someone else will learn it best by reading your publishings. Take for instance a difficult calculus problem. I can look at a problem step by step, and see what to do and why to do it and then not remember why ten minutes later. If instead, I get a blank piece of paper in front of me and am given a problem with someone looking over my shoulder, and figure it out with a little guidance, I will remember how and why something is done much better. People do the same thing differently for a multitude of reasons. As a poker player, it should be your goal to understand these reasons, as that is where your profit comes from. I have a lot of respect for what you have done for this forum Aleo, but many of these sims that you have done are being redone by people in an effort to understand the results as well as you do. Sigh Johnny |
#18
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
[ QUOTE ]
I have a lot of respect for what you have done for this forum Aleo, but many of these sims that you have done are being redone by people in an effort to understand the results as well as you do. [/ QUOTE ] a) His point is that what he was doing was not simulations, but statistical calculations. b) You have a good point that people learn in different ways, but if your argument is that people should play with the simulations themselves, how does posting to 2+2 with simulation results any different than posting with statistical analysis? In neither case are readers doing it for themselves, and the person posting a simulation isn't offering any kind of theoretical underpinning to why the results are as they are, usually. |
#19
|
|||
|
|||
Re: 30+ buyins, mathematical explanation required
[ QUOTE ]
b) You have a good point that people learn in different ways, but if your argument is that people should play with the simulations themselves, how does posting to 2+2 with simulation results any different than posting with statistical analysis? In neither case are readers doing it for themselves, and the person posting a simulation isn't offering any kind of theoretical underpinning to why the results are as they are, usually. [/ QUOTE ] fair enough, i guess i missed the point. |
|
|