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#1
03-07-2006, 01:45 AM
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Number of hands needed to judge profit?
How many hands do you think you need to play to acurately judge if you are actually making a profit. I have created a spreadsheet and am keeping track of the date, time played, hands played, profit, profit per hour and a cumulative profit and profit per hour. Anyone else doing similiar? and/or have any suggestions or advice. Also, can someone explain standard deviation or point me in the right direction on where to read about it. Thanks.
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#2
03-07-2006, 02:02 AM
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Re: Number of hands needed to judge profit?
It really depends on exactly how 'accurate' you want to be. But you should have a pretty good idea after a million hands or so...
Gambling Theory & Other Topics by Mason Malmuth should answer most of your questions.
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#3
03-07-2006, 04:13 PM
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Re: Number of hands needed to judge profit?
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#5
03-07-2006, 06:39 PM
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Re: Number of hands needed to judge profit?
So the correct answer to this question is to use a combination of numbers that pokertracker provides to take your baseline bb/100 and put an error margin around it using standard deviation. There was a post about this somewhere else that you could search for. I have an excel spreadsheet that I produced. If you can't find the post, PM me and I'll drag out the spreadsheet when I get home.
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#6
03-07-2006, 07:05 PM
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Re: Number of hands needed to judge profit?
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#7
03-07-2006, 07:46 PM
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Re: Number of hands needed to judge profit?
I use Pokertracker and also Statking ( www.conjelco.com )
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