Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

View Poll Results: What should KaneFu do with the money?
Leave the decision to El D's superior judgement. 33 16.18%
Add it to his mid/high stakes roll. 4 1.96%
Burn it while laughing maniacally. 21 10.29%
Pay it to Yugo as promised. 146 71.57%
Voters: 204. You may not vote on this poll

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old 07-26-2005, 10:06 AM
Izverg04 Izverg04 is offline
Member
 
Join Date: Mar 2004
Posts: 55
Default Re: Your ENTIRE bankroll on AA...do you do it?

[ QUOTE ]

Another post commented: well, what happens when you win, do you do it again? It brings up an interesting point, because of course the expected value of taking this proposition to infinity is that you'll eventually go broke (and most likely in the first 10 such 'double up' scenarios).

So the scenario is a little flawed. But as a one-time shot, i'd put my entire online bankroll on AA all-in preflop in a heartbeat.

[/ QUOTE ]
This a good illustration that everyone who said Yes uses an artificial definition of "bankroll". When you win, the wins are added to your bankroll, right? So if you call the amount of money that you put initially on the line "bankroll", it is now doubled, and since you agreed to put your "bankroll" on the line, you'll put it again and again until you lose it.

The reason you are willing to put what you call "bankroll" on AA is because it is a small fraction of your bankroll. When you double it up a couple of times, this amount becomes a much larger fraction of your bankroll, and so you are no longer willing to put it on AA.

Personally, I use Kelly/20 betting, and I'd put at most 8% of my bankroll on the line -- independent of the size of my bankroll.
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 01:24 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.