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| View Poll Results: Should I write the paper? | |||
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11 | 10.00% |
| Yes |
  
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99 | 90.00% |
| Voters: 110. You may not vote on this poll | |||
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#1
08-03-2005, 02:35 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA thread
The correct answer is 3.
If you answered anything greater than 3, you are either (1) presently living (dangerously) off your poker bankroll, or (2) a nit. It doesn't mean that you wouldn't prefer better odds, but you still need to recognize a good bet when it is offered. 
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#2
08-03-2005, 04:44 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA thread
[ QUOTE ]
The correct answer is 3. If you answered anything greater than 3, you are either (1) presently living (dangerously) off your poker bankroll, or (2) a nit. It doesn't mean that you wouldn't prefer better odds, but you still need to recognize a good bet when it is offered. [/ QUOTE ] everyone has different bankroll and expectations. how could you possibly say there's a correct answer. you may not be (1) or (2), but you are (3), which is just as bad
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#3
08-03-2005, 10:42 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA thread
[ QUOTE ]
The correct answer is 3. [/ QUOTE ] You have absolutely no comprehension of opportunity cost.
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#4
08-03-2005, 11:16 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA threa
[ QUOTE ]
[ QUOTE ] The correct answer is 3. [/ QUOTE ] You have absolutely no comprehension of opportunity cost. [/ QUOTE ] Yeah, if the thought process of "it's a profitable bet so it must be right" then the correct answer would actually be anything over 2, i.e. 2.0000000001 would be a better answer than 3.
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#5
08-03-2005, 11:12 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA threa
The correct answer is totally different depending on your poker skills and the size of your bankroll.
But no matter how large your bankroll is, there is certainly some X where the gamble is worth taking.
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#6
08-03-2005, 11:31 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA thread
A question to those who picked 3:
How many BBs is your bankroll? Picking 3 gives a RoR of 33%. If you are a 1BB/100 winner with a 15BB/100 SD, this corresponds to playing with a 124BBs. But, that calculation assumes you play until you go broke at that limit. Since this isnt actually the case, a 33% RoR corresponds to probably 90-100 BBs as a roll. EDIT: of course there is the difference that we KNOW this bet is +EV, yet we dont know you are a winning player. But, I still suspect that most of those who picked 3 arent at the appropriate limit.
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