Re: Bankroll formulas with hourly rate and standard deviation
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He is basically saying that this naive approach of just matching up the win rate and variance is not justified.
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I'm also sure that none of this will make any real practical difference to a poker player looking for guidance on bankroll requirements. [img]/images/graemlins/smile.gif[/img]
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I don't think that was the main point of the Ethier-Khoshnevisan paper.
The most relevant applications might be to MTT players and deep-stacked NLHE players. (In one live game, players sometimes buy in for 3000 times the big blind. The question is how many such buy-ins you need. It should be lower than the number of 100 BB buyins, but is 5 enough? 3?) In both cases, though, it is tough to get good estimates of the win rate and variance.
IIRC, the standard formulas overestimate the bankroll needed to play MTTs. Has anyone looked at this in particular?
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