Re: Tool or formula for risk of ruin?
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Alright thanks for the help. I really don't know any specifics just that he has a gambling problem, lost his entire life savings from poker(he's under 21 i think) and he thinks now that he's playing 5/10 with a good bankroll (75bb's actually). He thinks this is fine because he is better then the other players at this level. I'm trying to prove that even a proven winning player with a low bankroll has a good chance at going broke. I'm probably wasting my time though. These kind of players will always find excuses to gamble.
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If we make his standard deviation 20 bb for 1 hr, which it could well be, then a 75 bb bankroll gives him a 68.7% risk of ruin.
Anyone have any good estimates for SD/win_rate for 6 max?
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