vpFREE2 Forums

$5 Vp Bankroll

#1

Thank you for your post Mr tomski. I've heard of you because i have your software, and i've not heard of Mr Porter nor mr. Kent.

···

From: "tomskilv <tomskilv@yahoo.com>" <tomskilv@yahoo.com>
Reply-To: vpFREE@yahoogroups.com
To: vpFREE@yahoogroups.com
Subject: [vpFREE] $5 Vp Bankroll
Date: Tue, 17 Dec 2002 01:03:15 -0000

Many players greatly underestimate reasonable bankroll requirements.
Even with .5% cash back on 10-7 DB, a $60,000 bankroll would be way
too small to reasonably surive on $5 VP. $200,000 would be more
realistic. One would be much better off to play $1 DB rather than $5
DB with 'only' $60,000. Using certainty equivalence, I developed a
rating system to judge different games and different denominations
that incorporates variance, game return %, and bankroll. The rating

_________________________________________________________________
The new MSN 8: smart spam protection and 2 months FREE* http://join.msn.com/?page=features/junkmail

#2

This discussion seems to assume there is some bankroll that guarantees you
will not lose. If we assume a bankroll corresponding to a 5% risk of ruin,
1 our of 20 people who try will lose all their money. And if you start off
unlucky and lose a significant portion of your bankroll, your risk of ruin
goes up. Even a positive game is still gambling and may result in a loss of
your bankroll.

#3

It also assumed 800 hands/hour, which is way too high after all the
time out for paperwork. Not to mention a natural tendency to slow down
since errors are very costly at these limits. Cut those earn figures in
half.

gj

···

On Tue, 17 Dec 2002, Dick Kalagher wrote:

This discussion seems to assume there is some bankroll that guarantees you
will not lose. If we assume a bankroll corresponding to a 5% risk of ruin,
1 our of 20 people who try will lose all their money. And if you start off
unlucky and lose a significant portion of your bankroll, your risk of ruin
goes up. Even a positive game is still gambling and may result in a loss of
your bankroll.