Re: Q for Bozeman/Math types
Just to make it clear for me.
[ QUOTE ]
This would mean that 8 buyins at the $10 level would give you your 5% risk of ruin.
[/ QUOTE ]
In other words, if you take 100 players with avarage win of 4$ net at the 11$ SNG, and give them each a bankroll of 88$, 5 of them will bust at one point, but 95 will continue to make $$ as long as they live (if they don't cash-out?)
I think that one problem with risk-of-ruin calculations, is that *in reality* players take some of their winnings out, yes, to use the money for buying stuff and enjoy. that would make ROR calculations much more complicated, because other variables are getting into it. Tho I'm not sure which and how.
Am I making sense, Guy?
PrayingMantis
|