Two Plus Two Older Archives  

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

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #21  
Old 12-16-2005, 01:09 PM
Guest
 
Posts: n/a
Default Re: What percent of onliner poker players are profitable?

[ QUOTE ]
[ QUOTE ]



If you have 1-million players all playing -EV blackjack at a gigantic casino (about 1-2% disadvantage) then after 100 you will probably have 45% of your players showing a profit and 55% in the red.

This does not mean that blackjack is beatable for 45% of players though.


If you let them keep playing until they reach 1,000 hands then you will probably only have 40% or less showing a profit.

after 10,000 hands then probably 10% will still be ahead.

after 1,000,000 hands I would guess that less than 1% of your 1-million players will be break-even or higher.



So - back to the original point. If you have 1-million players who all played 100 or 1000 hands each you still don't have a sufficient sample size to determine how many of those players are true winners.
In this game, 0% win in the long-run because everybody is at a disadvantage.
but to somebody who doesn't know how to interpret the data it will LOOK like 35-40% of players are actually winners (when it's obviously just a function of variance).

[/ QUOTE ]


According to my PT database, this isn't true. It is NOT a function of variance.


I have 547,250 hands - many of them through datamining.

If I use a date filter all the way back to when I first started, here's what I get :

Hands % winners

8521 39.17
15,335 39.94
35,902 40.89
57,065 41.27
123,600 41.77
273,665 41.76
478,594 41.64
532,233 41.82
535,064 41.77
547,250 41.65


The % winners does NOT decrease as the total # hands goes up, as many posters have suggested.
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 11:50 PM.


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