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Forum: Probability

07-27-2005, 11:54 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

Ok you induced the question. Can you tell more about this book?

Forum: Probability

07-27-2005, 11:52 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

[ QUOTE ]
Now at what RoR does one expect to be a break-even player

[/ QUOTE ]

To determine this you need your actual edge, which will inform your session risk value. It's like sizing a bet...

Forum: Probability

07-25-2005, 11:42 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

Thanks for your post here.

Session risk is defined as your stop-loss value, say 30BB. I see where you are coming from with all the unknowns you listed. Theoretically if you have enough...

Forum: Probability

07-25-2005, 11:26 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

Thanks for your post. Tell me how you clearly and unambiguously define your risk per session without employing a stop loss. Is there some other way?

Forum: Probability

07-25-2005, 01:45 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

It's likely you increased your RoR dramatically when you moved to 6-max. Maybe it was a HUGE increase. Knowing your RoR and accepting the risk is essential to taking responsibility.

Taking...

Forum: Probability

07-25-2005, 01:39 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

[ QUOTE ]
idea is that you get stuck in the cycle of changing stakes, and never seem to make a profit. Since you win at lower stakes and lose at higher.

[/ QUOTE ]

This is directly related...

Forum: Probability

07-25-2005, 12:53 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Re: Risk of Ruin

This is what I am getting at: precisely calculating your (estimated) risk of ruin.

Why?

This is a hugely important calculation, because you must accept the risk to accept responsibility for...

Forum: Probability

07-24-2005, 10:12 PM

Replies: 19

Poll: Risk of Ruin

Views: 149

Posted By Dan Mezick

Risk of Ruin

I'm curious how many players actually realize their risk of ruin expressed in percentage terms.

Please be honest in your answers to the poll.

Let's discuss the RoR concept.

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