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Old 04-01-2007, 11:05 PM
Lyric Lyric is offline
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Join Date: Feb 2006
Location: Iowa
Posts: 783
Default Re: Ben Roberts Full Tilt Article

The edge in poker is a lot smaller than most think after considering the rake. I would guess that it's somewhere right around .5% after rake for most high stakes pros.

This is a graph of 32,000 coin flips. Each line represents a gambler who has a 50.5% chance to win each flip. As you can see, there can be wide differences in results between two gamblers with exactly the same skill level.:



Here is what a 51% edge looks like. Same thing here. Wide differences, same skill level:



And 52% to win each flip. With a 2% edge you pretty much never lose over 30k flips:


53%.:


And finally, let's take a look at 50.25% to win each flip:
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