daniel n busto?

[elliot]

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Isn't it overstatement to say that "most" of the super high stakes players will eventually go broke? Even given everything you say is true with regard to insufficient bankroll about the EV/SD ratio at that level, seems that "most" can't be right unless there are obvious super sharks at the highest level as well sucking up significantly more than their share.

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players A, B, and C, are all playing on short bankrolls, whereas players D, E, and F all have more than enough money to properly play.

since the edges the winning players have are extremely small, the swings will be more dramatic and bust the short players, and they will have no way to get back into the game to take a shot at winning it back.

just because you have an edge, doest make it a smart gamble.

example: i offer you a game where you have to pick a card out of a stack of ten, 6 of the cards are black and will result in paying even money, and the 4 red cards cause you to lose. this sounds like a great +EV opportunity, except the minimum bet i am willing to accept is every single asset you have, cash and everything, and nobody else is allowed to take your action.

(for the sake of argument we are assuming that you aren't destitute and that losing at this game would devastate you)