#11
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Re: Swings in NLCASH
You need to focus on a reference point . The formula tells you the probability of dropping 20 buy-ins if you start off with 20 buy-ins . So this means that if you win 10 in a row and drop 20 in a row , then you're down only 10 buy-ins from 20 as your initial starting point (excluding rake) .
So if you're a losing player , there is a 100% chance you will go bust at some point . However , it's not true that there is a 100% chance you will go bust after one month of playing . |
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