View Single Post
  #7  
Old 08-07-2005, 03:50 PM
BruceZ BruceZ is offline
Senior Member
 
Join Date: Sep 2002
Posts: 1,636
Default Re: Tool or formula for risk of ruin?

[ QUOTE ]
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.

[/ QUOTE ]

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?
Reply With Quote