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#1
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anybody have a risk of ruin equation for poker?
something that uses st. dev, your winrate and your bankroll.
thanks (yes i tried the search function using "risk of ruin" as well as +risk +ruin) |
#2
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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? Dogmeat [img]/images/graemlins/spade.gif[/img] |
#3
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Re: anybody have a risk of ruin equation for poker?
[ QUOTE ]
something that uses st. dev, your winrate and your bankroll. thanks (yes i tried the search function using "risk of ruin" as well as +risk +ruin) [/ QUOTE ] Bankroll formulas and Derivation of bankroll formulas. |
#4
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Re: anybody have a risk of ruin equation for poker?
Bruce,
Are the formulas still accurate if you use BB/100 and SD/100? Thanks. Lost Wages |
#5
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Re: anybody have a risk of ruin equation for poker?
[ QUOTE ]
Bruce, Are the formulas still accurate if you use BB/100 and SD/100? Thanks. [/ QUOTE ] You can use bb/100 for the win rate if you use bb^2/100 for sigma^2. That would technically give SD units of bb/10, but I doubt the software packages report it this way. They probably give you bb/100, which actually means bb/10. If they say SD/100, that means the SD for 100 hands, which would have the correct units of bb/10. The units of sigma^2 and win rate should cancel to give bb or $. |
#6
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Re: anybody have a risk of ruin equation for poker?
I think Poker Tracker has something called SD/100 which actually means showdowns per 100 hands (not standard deviation). The standard deviation is under session notes if you click "more detail". For 100 hands it should be a number around 17 bb, unless you play shorthanded or very aggressively, and then it would be higher.
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