Thread: Losing Streaks
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  #10  
Old 03-09-2004, 07:48 PM
MarkD MarkD is offline
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Join Date: Jan 2003
Posts: 492
Default Here is the answer

if we take the original equation:
M = WR*t - 2.58*sd*sqrt(t) and set this to 0 then we can solve for the time required to garuntee with a 95% certainty that a person is a winner

then:
t = 6.6564 * (sd/wr)^2

so for the fictitious winning player with SD = 10 and wr = 1 he lose for a period of:
t = 665.64 hours

if sd = 12 and wr = 1
t = 958.5216

and if we look at an online player playing multiple tables his numbers might be:
SD = 15 big bets / 100 hands
WR = 3 big bets / 100 hands
t = 166.41 * 100 hands
t = 16641
and if he gets 150 hands per hour at these 3 tables then
t = 110.94 hours.

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