View Single Post
  #1  
Old 03-29-2004, 02:43 PM
BruceZ BruceZ is offline
Senior Member
 
Join Date: Sep 2002
Posts: 1,636
Default Beware of StatKing!

Based on some data from lorinda in a post on the internet forum, I can see that StatKing does not compute bankroll and risk of ruin properly, and this feature should not be used. It apparently uses the same method described in GTAOT which is useless for this purpose. The bankroll it gives you for a 1% risk of ruin will actually give you a 6.7% risk of ruin.

For those of you using similar statistical software, please post data similar to lorinda's so that we can see if any other programs are affected.

As always, use the formulas from this thread for bankroll calculations.
Reply With Quote