cdfsrule wrote (snip):
Moral: Don't ignore the variance. Understanding it and its role in gambling (and VP) is of
tremendous value. If it was zero, and the EV <100, we could never win. On the other
hand, if it was too big, and the EV>100, we might never win-- but we could win.
Somewhere in there lies the balence of EV and variance that makes gambling gambling.
Much better is to use the Sorokin/jazbo "Risk of Ruin" and "Risk of Ruin Before Royal" calculations, both of which are accurately implemented in Optimum Video Poker.
ยทยทยท
--
Dan Paymar
Author of best selling book, "Video Poker - Optimum Play"
Developer of VP analysis/trainer software "Optimum Video Poker"
Visit my web site at www.OptimumPlay.com
"Chance favors the prepared mind." -- Louis Pasteur