Flipping Coins: An accurate simulation of SNGs.

[SuitedSixes]

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Shall we discuss variance?

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No, we'll just play a bunch of them and not be worried with the occasional, inevitable, downswing. Nor will we get all excited thinking we are some kind of god just because we happen to win 4 in a row ( [img]/images/graemlins/wink.gif[/img] Ilya).

[gumpzilla]

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It just proves that it really is a game of surving to the bubble and then taking advantage of small edges and winning coinflips.

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How do you figure?

[SuitedSixes]

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How do you figure?

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This is all just game theory stuff. Where the poker ability comes in is in accumulating chips early so that you A) don't need as money coin flips B)Can withstand to lose a few.

[gumpzilla]

I think you misunderstood what I meant. I don't see how the data you provided illustrate your conjecture, unless your argument is "I'm winning, and this is how I play," but in that case all of the coin-flipping business is (ir)relevant.

[SuitedSixes]

I see how this was misunderstood. I emphasized the wrong point. I don't win by flipping coins per se. The results can be simulated by flipping coins.

The point was to see that the profit comes from the overlay created by the players who finish 10th-5th. If you were to construct the same experiment, but in a 4 person field (without the contributed overlay) there would not be the same profit. Just be being alive with 4 players left you have already gained theoretical$.

[skipperbob]

Obvious that "Lady Dont Tekno" is not a newbie, but rather an old hand with a new handle; so, WHO? [img]/images/graemlins/confused.gif[/img]