Quote:
Originally Posted by bjsmith22
This is that statement in context, and it's really not that absurd at all.
The first part of the quoted passage is fine. It makes some statistical sense, and refers to probabilities over a specific sample size, without using mathematical terms (like standard deviation) that a typical reader wouldn't understand.
The offending line at the start of the second paragraph
doesn't make sense. Poker is a skill game on
every hand. It doesn't suddenly become a skill game after 1500 hands.
There's also the problem that skill edge isn't well defined. If you have a tiny edge over your opponent, it can take tens of thousands of hands for the skill edge to be converted into profit because of random variance. If someone is a total drooler, however, it's pretty hard for him to be ahead after 100 hands. A bigger edge implies less chance of losing, ldo.