View Single Post
  #3  
Old 08-22-2004, 01:16 AM
dethgrind dethgrind is offline
Senior Member
 
Join Date: May 2004
Location: Los Angeles
Posts: 104
Default Re: Lies, damn lies, and statistics

You are completely right.

I've spent hours and hours wasting my time thinking about risk of ruin and bankroll management, and what a good ROI is, and what my "real" ROI might be given my results. I've wasted hours of my life tinkering with computer simulations. Enough.

There are only two valuable pieces of information I've gotten from all this:
1) I'm playing small stakes. If I go broke, I can easily replace my bankroll.
2) Even if I'm as good as I think I am, I'll probably still have some huge losing streaks.

I guess it was nice to attach some numbers to those two lessons, but that doesn't really matter. Now I really wish I had just spent all that time studying, improving my game, and just playing.

Thank you Aleomagus and Irieguy.
Reply With Quote