Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > General Gambling > Probability

Reply
 
Thread Tools Display Modes
  #1  
Old 12-12-2005, 11:06 PM
tommo tommo is offline
Member
 
Join Date: Dec 2004
Location: Washington University St.Louis
Posts: 50
Default confidence of being better?

Lets say two very similar players sit down and play heads up limit poker against each other. Lets say one of them should on average make .1BB/100 hands off the other. How long would you expect it to take for this true win rate to become apparent? This is Heads Up Limit Hold'em.
Reply With Quote
  #2  
Old 12-12-2005, 11:36 PM
AaronBrown AaronBrown is offline
Senior Member
 
Join Date: May 2005
Location: New York
Posts: 505
Default Re: confidence of being better?

The key variable is the standard deviation. It's hard to guess without knowing the styles of the players, but say it's 10 BB/100 hands. In that case, after a million hands, the better player is expected to be up by 1,000 BB, with a standard deviation of 1,000 BB. There's about 5 chances in 6 that he's ahead.

After 4 million hands, the better player is expected to be up 4,000 BB, with a standard deviation of 2,000. Two standard deviations is conventionally considered to be significant; so I guess that's a reasonable answer.
Reply With Quote
  #3  
Old 12-13-2005, 02:52 AM
tommo tommo is offline
Member
 
Join Date: Dec 2004
Location: Washington University St.Louis
Posts: 50
Default Re: confidence of being better?

right, so I guess my actually question was what is an average standard deviation given solid players.
Reply With Quote
  #4  
Old 12-13-2005, 03:05 AM
tommo tommo is offline
Member
 
Join Date: Dec 2004
Location: Washington University St.Louis
Posts: 50
Default Re: confidence of being better?

[ QUOTE ]
The key variable is the standard deviation. It's hard to guess without knowing the styles of the players, but say it's 10 BB/100 hands. In that case, after a million hands, the better player is expected to be up by 1,000 BB, with a standard deviation of 1,000 BB. There's about 5 chances in 6 that he's ahead.

After 4 million hands, the better player is expected to be up 4,000 BB, with a standard deviation of 2,000. Two standard deviations is conventionally considered to be significant; so I guess that's a reasonable answer.

[/ QUOTE ]

can you explain to me real quick how you used a standard deviation of 10BB/100 to acheive a standard deviation of 1,000 over 1 million hands?
Reply With Quote
Reply

Thread Tools
Display Modes

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 07:28 AM.


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