Re: Risk of ruin question
Bruce - thanks, this is great. I messed with the Schlesinger formula in Excel to model a number of different scenarios. If anyone is interested, the results are below - variables are win rate, starting bankroll, and number of hours played. I left SD at 10bb/hr. If anyone wants me to reproduce the numbers at a different level of variance, I'd be happy to do so.
Thanks again.
winrate=1bb/hr
starting br
# of hours
20 50 100
1 3.7% 0.0% 0.0%
2 12.8% 0.0% 0.0%
4 25.7% 0.7% 0.0%
8 38.6% 4.5% 0.0%
12 45.2% 8.7% 0.1%
15 48.4% 11.4% 0.3%
20 52.1% 15.1% 0.9%
30 56.4% 20.4% 2.2%
50 60.6% 26.3% 4.9%
winrate=1.5
starting br
# of hours
20 50 100
1 3.3% 0.0% 0.0%
2 11.5% 0.0% 0.0%
4 23.0% 0.6% 0.0%
8 34.2% 3.4% 0.0%
12 39.8% 6.4% 0.1%
15 42.5% 8.4% 0.2%
20 45.5% 11.0% 0.5%
30 48.9% 14.5% 1.2%
50 51.9% 18.1% 2.5%
winrate=2bb/hr
starting br
# of hours
20 50 100
1 3.0% 0.0% 0.0%
2 10.3% 0.0% 0.0%
4 20.4% 0.4% 0.0%
8 30.1% 2.5% 0.0%
12 34.7% 4.7% 0.0%
15 36.9% 6.0% 0.1%
20 39.2% 7.8% 0.3%
30 41.7% 10.0% 0.6%
50 43.6% 12.0% 1.1%
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