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08-07-2008 , 09:25 PM
#26
safebet222
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enthusiast
Join Date: Aug 2008 Posts: 77
Dumb question: SnG Standard Deviation is always 1.7 bi?

Thanks
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08-07-2008 , 10:17 PM
#27
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elendil200
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adept
Join Date: Jun 2008 Posts: 1,031
I like to have 200 Buy ins for any game that I play. I have 4k and still play 10/25c
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08-07-2008 , 10:36 PM
#28
ziggyzaooo's Avatar
ziggyzaooo
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old hand
Join Date: Jun 2008 Posts: 1,936
^^ that is just extremely nitty and your limiting your growth potential by alot.
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12-10-2008 , 11:36 PM
#29
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DMoogle
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Carpal \'Tunnel
Join Date: Mar 2006 Posts: 7,243
Question: Using this tool, Does risk of ruin go for the # of hands you input for your standard deviation and winrate? For example, I input my stand deviation and winrate per 100 hands and a RoR of 50%, would the answer mean I have a 50% chance of going broke every 100 hands?
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12-10-2008 , 11:48 PM
#30
basementproject
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veteran
Join Date: May 2007 Posts: 3,125
Quote:
Originally Posted by elendil200
I like to have 200 Buy ins for any game that I play. I have 4k and still play 10/25c
wow... kids, don't take it this far.
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12-11-2008 , 12:02 AM
#31
jay_shark
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Pooh-Bah
Join Date: Sep 2006 Posts: 3,655
Quote:
Originally Posted by DMoogle
Question: Using this tool, Does risk of ruin go for the # of hands you input for your standard deviation and winrate? For example, I input my stand deviation and winrate per 100 hands and a RoR of 50%, would the answer mean I have a 50% chance of going broke every 100 hands?
No.

If your risk of ruin is 50%, then this means that if you were to be playing at the same stakes indefinitely, then your risk of going broke is 50%.

I prefer this calculator.

http://www.castrovalva.com/~la/bank.htm
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12-11-2008 , 12:07 AM
#32
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DMoogle
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Carpal \'Tunnel
Join Date: Mar 2006 Posts: 7,243
Quote:
Originally Posted by jay_shark
No.

If your risk of ruin is 50%, then this means that if you were to be playing at the same stakes indefinitely, then your risk of going broke is 50%.

I prefer this calculator.

http://www.castrovalva.com/~la/bank.htm
It's difficult to grasp this concept, can you explain with some detail why? I thought that if you played forever, then as long as your RoR was >0% then you have a 100% chance of going broke... at some point.
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12-11-2008 , 12:30 AM
#33
shiunsai's Avatar
shiunsai
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journeyman
Join Date: Dec 2008 Posts: 290
wow....reading that was very nice lol.
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12-11-2008 , 12:48 AM
#34
jay_shark
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Pooh-Bah
Join Date: Sep 2006 Posts: 3,655
Quote:
Originally Posted by DMoogle
It's difficult to grasp this concept, can you explain with some detail why? I thought that if you played forever, then as long as your RoR was >0% then you have a 100% chance of going broke... at some point.
Only losing players go broke 100% of the time.

If your risk of ruin (RoR) is 2%, then this means that there is a 98% chance that you can player poker for the rest of your life without having to redeposit. However, the risk formulas only apply if you never change stakes. They do not apply if you routinely change stakes when you hit a rough downswing. In that case, there is less chance that you will go broke.

Your risk of ruin is just the probability that you will bust your roll at some point. It may happen when you're 90 years old, but it's probably unlikely if you've lasted that long.
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12-11-2008 , 02:08 AM
#35
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shiunsai
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journeyman
Join Date: Dec 2008 Posts: 290
so in other words to avoid ruining just follow bankroll management and lower stakes whn u got ta
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12-28-2010 , 04:38 PM
#36
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CheckCheckFold
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old hand
Join Date: Sep 2004 Posts: 1,577
What's a good estimate of Standard Deviation for PLO200 6 handed?
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12-28-2010 , 04:45 PM
#37
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Swarley27
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grinder
Join Date: Jul 2010 Posts: 455
Lol this thread keps getting resurrected in a pretty big way.
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07-08-2011 , 04:24 AM
#38
999's Avatar
999
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old hand
Join Date: Nov 2010 Posts: 1,830
Fantastic posts phzon, thanks a lot for your help.
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