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varience 400 nl

Postby tooters » Wed Mar 23, 2005 8:54 pm

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Postby kennyg » Thu Mar 24, 2005 12:28 am

"I'll take KennyGs advice before Sklanskys every time. "
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Postby tooters » Thu Mar 24, 2005 12:45 am

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Postby Kalle » Thu Mar 24, 2005 2:32 am

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Postby kennyg » Thu Mar 24, 2005 2:43 am

tooters,
i understand waht you're saying. If you really want to be conservative about yoru bankroll then 30-40 should be fine. Actually I think being more conservative is the way to go. Theres no need to go broke over 100 times like Doyle and others did. We should learn from their mistakes.
"I'll take KennyGs advice before Sklanskys every time. "
-Iceman

Proud contributing member of the Poker Player's Alliance.
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Postby subman » Thu Mar 24, 2005 3:20 am

Using the formula in Angel Largay's excellent article (see link below), and assuming a win rate of 5bb/100 (or 40), and a standard deviation of 10 times win rate (or 400), for a risk of ruin of 0.01 we get a bankroll of $9,210, or 23 buy-ins. Even though I personally prefer 25 buy-ins, I like kennyg's approach of 50 to be on the safe side. Variance is a bitch, and it is not hard to imagine how a particularly lengthy cold stretch (which everyone undergoes sooner or later) could soon be threatening a 25 buy-in bankroll.

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Postby tooters » Thu Mar 24, 2005 10:35 am

If you datamine and find out who the regulars are you are much better off. Against these players you need premium hands every time bec they are usually playing 4 tables abc poker and very tight.

Outside of those players you still need premium hands most of the time, but there is definitly money to be made, because the losing players seem to just keep coming back. I have players tracked that have lost over $4000 in like 1500 hands.
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