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#1
09-06-2005, 03:27 PM
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CV
Excellent article. Do you have any data to suggest the optimal point in a 100 player tourneyment?
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#2
09-06-2005, 09:53 PM
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Re: CV
Thanks...
I don't know what you mean by "optimal point in a 100 player tourneyment." Then again, I'm not much of a tournament player so maybe I'm missing out on some lingo. Maybe you can either state precisely what you mean or take it to one of the tournament forums. Chris
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#3
09-07-2005, 06:22 AM
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Re: CV
What I mean in this case is that playing to maximize ones EV for any given hand in a tourneyment does not appear optimum. Maximizing or minimizing ones standard deviation also does not appear to be optimal. It seems (perhaps I am incorrect on this point) that there must be some ratio that is optimal.
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#4
09-07-2005, 08:57 AM
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Re: CV
The thing that you want to maximize is the expected value of your cash prize which is different from the EV in terms of tournament chips.
For instance, if you are in a tournament that pays the top 5 and there are 6 players left and there is a player who will have to go all-in next turn. You have a medium sized stack and everyone folds to you on the button when the two chip leaders are the blinds, you probably don't want to play pocket queens as you would in a no-limit ring game because on next hand the short-stacked guy will have to go all-in and you will cash.
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#5
09-11-2005, 05:38 PM
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Re: CV
CV has been used for a long time in blackjack world, and is sometimes known as the "desirablity index". It is proportional to the rate of expected bankroll growth when using fractional Kelly betting. It is mentioned in my July magazine article.
The point of this in poker is that if you are playing games with an 'appropriate' bankroll, then your 'CV' is a good way in theory of comparing different games. This is a refinement of the flawed notion of maximizing EV. BillC
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#6
09-12-2005, 09:33 PM
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Re: CV
[ QUOTE ]
The point of this in poker is that if you are playing games with an 'appropriate' bankroll, then your 'CV' is a good way in theory of comparing different games. This is a refinement of the flawed notion of maximizing EV. [/ QUOTE ] Be more clear. What do you mean by a good way of comparing different games? It depends how you define good right? If by good you mean most profitable, then CV isn't the best obviously (EV is the most important factor). If by best you mean the game that makes you most likely be positive, then CV is important. And what's so flawed about maximizing EV? Maximizing EV makes you maximize your long term bottom line... isn't that what matters in the long run?
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