Re: Friend doesn\'t believe risk of ruin calcs are possible, thoughts?
I understand what you mean, but the constant number he's referring to isn't the win rate... unless thats what E is (in which case he didn't know that, he said he didnt even know what it represented) he was saying that even with an assumed win rate of like 7ptbb/100 for example, that it still can't be calculated.
The only important thing as far as what we're debating is if you're a winning player and have an edge, so the actual chosen win rate isn't what we're debating over. It's if you can calculate probability of losing X number of buyins with that win rate and std deviation.
|