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Old 12-05-2005, 04:06 PM
gergery gergery is offline
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Join Date: May 2004
Location: SF Bay Area (eastbay)
Posts: 719
Default Re: Why Two Dimes Data Is Wrong (Continued...)

The original post would perhaps have been better titled as “Why twodimes data is misleading”. Twodimes is accurate in that it correctly summarizes how often you win portions (or all) of pots.

But what twodimes does NOT do is translate how much MONEY those portions of pots are worth to you. This is because there is a fixed cost you must pay for the right to earn a portion of the pot.

The key thing here is the point in time at which you are talking about. The less money there is still to go into the pot, the more closely twodimes and actual dollars are to each other. The more money that is still to be put into the pot (on more streets), the less twodimes will reflect actual dollars. Due to the fact that all money put in can be considered a fixed cost for the right to earn part of the pot. Or in other words, you must pay a tax to the guy that wins the other part of the pot.

-g
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