Quote:
Originally Posted by valenzuela
DoNS= double or nothing, Im too lazy to study the ICM adjustments to play them
afaik there are no good places to study the ICM adjustments. The ICM calculator is unable to adjust to the massive differences in values of chips depending on stack size, blinds, number of people left, position, and stack sizes of other players (I've said this a lot in the DoN thread). The DoN thread is also not that great (some people give good advice, other people give horrible advice, though it is getting better). I learned simply by thinking about it and I'm pretty sure I'm in the upper echelon of winning players (in terms of ROI) in the 20s and 50s.
Quote:
Originally Posted by JaredL
River,
Not sure what your exact downswing has been but if you play 100 and are 50/50 to make the money (which is an underestimate hopefully because that means you are -EV) then there is about a 2.8% chance that you will go 40/60 or worse, which is 20 buyins. If your true ITM% is 55% then the chance of that kind of run is .18% or about 18 in 10,000 times.
Put another way, for a 55% ITM guy playing 100 DoNs every week, on average once every 10 YEARS they would finish a week down 20 buyins.
My ROI is above 10%. I think thats like a 58% ITM (not positive though, someone better at math may want to do the calculations). I had a 30 BI downswing. I play easily 3-4x that many DoNs per week. If I ever run bad in poker again I am going to be convinced that its all luck.