Re: anybody have a risk of ruin equation for poker?
Well, not really. If you went by an hourly rate:
30 hands per hour
$10 average investment
1.5 big bet win per hour
SD of 16 ($240)
95% confidence level (or 5% element of ruin)
x = z.SD + mu = (1.65) (240) + 15 = 396 + 15 = $411
But of course, this assumes $300 in total bets per hour (which is not really 30x$10) but is fairly accurate for a $5/$10 game. Hey, Bruce Z - where do you go from here?
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