Quote:
Originally Posted by PTS1
This model lacks distinction to be considered an acceptable statistical model. Most notably, statistical variances is given no consideration in this model. Not to mention that in a six-handed game where you are in the blinds one-third of the time, you can only steal the blinds 6,667 times in 10,000 hands.
At the higher limits the rake cost (when called) will be so trivial that even if you are called 50%+ of the time you will still make money in like a printing press.
Yes, when in the small blind you will only steal the big blind, but you also will have hands where someone raises before you, then you shove and they fold so you will win even more than 1.5BBs.
Point is, it is a printing press for money long term. If every hand is a "coin flip" then there is no cost to being called, and in the long term the variance will be minimal. Again, use that calculator I provided and put in 10,000 flips and see the odds of even being 200 off (and of course you could be off in your favor).
If nothing else it seems you at least abandoned that betting 100BB to win 1.5 BB mistake statement you made earlier, even if you still do not get the simple model this represents in terms of making money (if your rig is valid).
Quote:
Originally Posted by PTS1
What your simple model does show, is that you are only winning the blinds.
Exactly!! Essentially you are getting paid rake to experience pure 50/50 coin flips! This is a casino's dream game, and you have the chance to be the casino!
Quote:
Originally Posted by PTS1
In this case, you bet $1 million to win $3,000 over 10,000 hands, which at 100 hands per hour, is 100 hours. The break even point in your example is a pre-flop fold percent of 62.5%. Anything higher, you make money, anything less and you lose money.
Again, the math changes at different levels. At higher levels the rake paid (when called) has a much lower effect. Let's use 200NL as an example with a capped rake of $3
You play 10,000 hands where you shove 100BB
- 70% of the time you are not called (likely will be higher, but lets go with this), and you make on average on a six handed table (1.5+1.5+1.5+1.5+1.0 (when the sb)+0.5 (when the BB))/6 BBs per try which is 1.25BBs each.
1.25BBs x 7,000 = 8,750 BBs = $17,500
On the 3,000 hands you are called you are expected to win and lose exactly half of them (so that is a $0 EV situation) and you will pay $1.50 in rake each time, and that will be offset a bit by the extra blinds in the pot as well, so lets say you pay $1.25 in rake each time
3,000 x $1.25 = $3,750
You also will pick up dead money as you go when people raise and then fold pre-flop when you shove (or when called by someone else). Lets just toss in $500 for this dead money for 10,000 hands, though it likely will be much higher
The total made is then $17,500 + $500 - $3,750 (rake paid) = $13,250 earned per 10,000 hands, or about 6,600 BBs per 10,000 hands.
No idea if Global has any rakeback or incentives like FPPs/Starcoins, but if they do you can add those in as well, and every bit counts when milking a system.
Now is 66BBs/100 a great rate at 200NL with basically no risk? I think most people would say yes!!
Let's use your numbers and say it is 100 hours work to make $13,250, well that works out to about $130+ an hour. Think you can find people to push an all-in button over and over for $130 an hour? Hell, you can pay someone $30 an hour and you make $100 an hour! Even more hell, some people would likely do it for $3 an hour...
Edit to add: If the rake is $5 then this will cost about $1 more per hand when called so reduce the earnings by $3,000 in that case, and now you are only making $100+ an hour, and it lowers your BB/100 rate to a horrid 40-50...
Best part is I used conservative numbers in this, but you are still stuck on the "amount wagered" without understanding how it works. Back in the days it was standard to clear a $100 blackjack bonus with $4,000 wagered. The math was simple, you were expected to lose $35-40ish then get the $100 at the end, and long term that is what happened. "Wagering $4,000" did not mean anything other than being part of the math.
Quote:
Originally Posted by PTS1
So lets look at something more realistic and I will try to incorporate as much of you scenario in to this as I can.
10 handed game, Full Table, Auto Top off for all players, all players at max buy in, 1,000 orbits for 10,000 hands, no player changes, $100NL, 100BB max buy in, $5 max rake on all-in hands.
Player A is all-in every hand. Player A begins in the BB. On every shove Player A makes while in the BB, SB, and on the button, he is called by Player B on his immediate right. On all other hands (when he is UTG to UTG+6) he shoves and get the entire table to fold. Therefore, 7 hands per orbit (70%) he picks up the SB and BB cleanly. The other 3 hands per orbit (30%) are with Payer B.
Cha ching - a money making machine this would be!
Quote:
Originally Posted by PTS1
Variance:
During the first 5 orbits. Player A experiences negative variance in that he losses every BB and SB shove but wins his button shove. His short term variance of 33.33% has him winning only 5 of the first 15 hands of the all in hands with Player B.
Heh, who cares. Seriously, you don't get bankroll management then if an orbit of coin flip results are going to be a problem. If you were around in the casino bonus whoring days I guess you would not do the bonuses because what happens if you lose 3 of your first 4 hands? Quality...
The goal is to be LONG term in the flips, and again the flips have 0EV to them, so as long as you have the proper bankroll the short term results of flips does not matter, just like when my team was doing casino bonuses in the day. We did not bet half our bankroll per hand, we bet the appropriate amount based on the bankroll.
Again, the model is simple
- Have a bankroll for 10,000 all-ins (and no, you do not need 1,000,000 BBs for this, though you probably think so with your flawed approach)
- Get paid with blinds and dead money for pushing the all-in button over and over, and the higher the limit the lower the cost in terms of rake when called.
Quote:
Originally Posted by PTS1
Conclusion:
So short term and long term variance does exist in poker all-in coin flips, and this variance can have a dramatic affect on the results achieved by this strategy. This example is just one of thousands demonstrating have variance can have significant impacts on results. So I hope all of of you who think that shoving every hand is +EV, is not at all a EV situation. I, for one, do not want to lose this type of money over 100 hours of play.
Again, it all comes down to bankroll, and if your silly beliefs were actually true (which you could easily demonstrate at lower limits) then you would have absolutely zero problem getting investors needed to fund it at the higher buy ins where it would be most profitable.
Dumbest rig ever...
All the best.
Last edited by Monteroy; 05-31-2017 at 03:15 PM.
Reason: Dumbest rig ever...