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Old 11-09-2005, 03:05 PM
kem kem is offline
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Join Date: Mar 2004
Posts: 11
Default Re: 10 Table NL 2000 on Party to reduce variance

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Of course if you're talking in terms of bankroll, the variance is going to increase as a function of how many hands you play.

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you're an MITer, right?

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Let's play a game. I flip a coin, if it's heads, I give you $1. If it's tails, you give me $1.

(1) We play this game two times and stop, or
(2) We play this game two thousand times and stop.

Then we look at the change in how much money you now have in your wallet, compared to when we started the game.

Under which scenario, 1 or 2, is the variance of the change in dollars from your wallet greater?
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