Sklansky Quote=High Rollers

[Kathy]

[ QUOTE ]
Most of the super high stakes players will eventually go broke, especially if endorsement opportunities fall off.
The reasons are:

1. They overestimate their win rate. They don't realize how much Andy Beal and a few others contribute to it and they don't realize how tiny or non existent it is when they are playing in games without someone like that.

2. They don't know how to calculate required bankroll for a given set of win rates and standard deviations. For the games they play in they need ten million easy.

3. They can't drop down. The idea of playing all day to win $20,000 is almost impossible for them to deal with. And when they are forced to drop down they play too loose against the very tough competitors that they falsely think they can easily outplay. I have personally seen this downward spiral many times.

But there are exceptions and Daniel may be one of them.

[/ QUOTE ]

What is difficult to understand?

David is correct!

KATHY [img]/images/graemlins/smile.gif[/img]

[Onaflag]

Link, please?

Onaflag........

[jah7_fsu1]

What's your point? If you can do those things you won't go broke...a lot of people can't so they do...which is what he was saying.

[Kathy]

daniel n busto?

KATHY

[[Phill]]

"especially if endorsement opportunities fall off."

"daniel n busto?"

No.

[Daliman]

Uh, seems to me that "most of the super high stakes players were super hight before the boom, so this is a pretty shortsighted statement.

Anyways, unless a small few are going to destroy the rest, obviously this statement is almost certainly unpossible. Is the rake going to grind them up?

[Mhoram]

David doesn't know what he's talking about. He can't play at that level so he makes up some excuse about how he doesn't play that level because it's mathematically incorrect. What a joke. He has no business commenting on this sort of stuff anyway.

[jah7_fsu1]

[ QUOTE ]
daniel n busto?

[/ QUOTE ]

More like suffering a downswing, probably not even close to busto, just underolled at the current time for the ultra high stakes cash games.

I would say the inability to drop down or being underolled is the biggest killer. I know I have a hard time dropping down stakes when I'm on a downswing, and I imagine it'd be even tougher for high stakes players who want to keep up an image or go for the quick score rush.

[shaniac]

[ QUOTE ]


Anyways, unless a small few are going to destroy the rest

[/ QUOTE ]

I think this is mostly the case. I'm pretty sure David's point that very few players are rolled for the game is also valid.

[Kathy]

ego?

David mentions that.

KATHY