Re: Swings in NLCASH
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Er, correct me if I'm wrong, but it looks like you've calculated a 1.1% risk of ruin when starting with 20 buyins, but said absolutely nothing about how likely a 20 buy-in downswing is over any given X number of hands.
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No , this formula tells you the probability of busting if you play this game indefinitely . There is no simple formula to tell you the probability of busting in x hands .
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