Two Plus Two Older Archives  

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

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 08-22-2003, 06:23 PM
Karatitis Karatitis is offline
Member
 
Join Date: Jan 2003
Location: Toronto, CANADA
Posts: 41
Default Standard Deviation, $/per hour win rates, losing streaks

I'm posting this question to anyone who can show me how to calculate Standard Deviation for Texas Hold'em poker playing, given certain assumptions (which I will list in this post), and also to confirm what can one expect to win playing hold'em, and potential losing streaks as well.

I realize there are many variables other than just rake, and # of players taking the flop which determine success playing poker, but here goes: I am competent, fairly tight-aggressive player playing $10-$20, with a $5/half hour session fee, and have been winning by a very small $/hour approximately $7 per hour. My sample size is based on approx. 300 hours of play. Although, I have done much better playing short-handed, in particular 4-handed or fewer. The cardroom I frequent has a game that would be categorized as average-loose game, probably with about 5.5 - 6.0 players taking the flop (11-handed game), but I don't track statistics on average pot-size, etc.

Generally, what can one expect to realistically win from a $10-$20 game, assuming that ones has a positive expectation (i.e. the game is "soft")? Also, what is the calculation methodology for determining Standard Deviation for +- in any one session, or for a given sample-size? Lastly, what is the probability of having horrendous losing streaks of say, 8 or 9 consecutive losing sessions, with say an average loss during the streak of say $250? (Note: Session for me would be about an average of 7 hours).

I would appreciate anyone who can show me the calculations, or in the least, shed some light on how I can derive these figures. I'm in particular interest of the Standard Deviation for a session, and for a sample size of sessions.

Thanks,

Chris
Toronto, ON

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 09:28 PM.


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