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#81
03-29-2005, 12:32 PM
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Re: The PP 15: Where to go from here?
[ QUOTE ]
The problem is that if you play an infinite amount of hands you're going to at some point experience an infinite downswing. [/ QUOTE ] Please explain this too me (no sarcasm). How can you have an infinite downswing. I will agree that you could never have a 100% CI against going broke. But an infinite downswing, just does not seem probable. 
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#82
03-29-2005, 02:48 PM
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Re: The PP 15: Where to go from here?
[ QUOTE ]
[ QUOTE ] The problem is that if you play an infinite amount of hands you're going to at some point experience an infinite downswing. [/ QUOTE ] Please explain this too me (no sarcasm). How can you have an infinite downswing. I will agree that you could never have a 100% CI against going broke. But an infinite downswing, just does not seem probable. [/ QUOTE ] Well I simmed 10 million hours on StatKing with a win rate of $50 an hour and a STD of $550. So thats more than 1000 years of 24/7 poker. The worst downswing was $35,600. So if any of you party 15 guys (especially the higher win rate ones) ever drop anything close to that, then my friend, you've probably been tilting.
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#83
03-29-2005, 04:13 PM
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Re: The PP 15: Where to go from here?
[ QUOTE ]
[ QUOTE ] The problem is that if you play an infinite amount of hands you're going to at some point experience an infinite downswing. [/ QUOTE ] Please explain this too me (no sarcasm). How can you have an infinite downswing. I will agree that you could never have a 100% CI against going broke. But an infinite downswing, just does not seem probable. [/ QUOTE ] It's not probably at all, in fact it's infinitely unlikely. The likelihood of a downswing decreases exponentially with the size of the bankroll. But there is always a small chance. This is only a problem for someone living on his poker income and having absolutely no means of replenishing his roll.
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