Re: Bankroll considerations based upon estimated edge and Kelly criterion?
[ QUOTE ]
I'm not sure what you mean by "edge". If you are looking for a percentage edge on the money wagered as I think people use in blackjack, that really is not a standard way of thinking about win rates in holdem. Much more common is to simply consider expectation (win rate) in terms of dollars (or bets) won per hour for live play. For online play, bets won per 100 hands is the standard.
[/ QUOTE ]
Just because it isn't the standard way of thinking about it doesn't mean it isn't a useful way of thinking about it. Barry G has some interesting discussion of percentage edge in his book. He talks about 1 BB per hour in terms of getting around 33bb worth of action per hour and having a 3% edge.
|