A Note on Variance

[joel2006]

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you did all that just to figure out people lie?

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They aren't lying 5 of the 30 went broke. they're just one of the unlucky 5.

[Orlando Salazar]

exactly. the point was to prove that you can play solid winning poker and go broke if you don't have a decent edge. You can also win a bunch of $ and not really be that good. Everyone has the same 2% edge in the graph and look at the vast differences.

[joel2006]

Salazar, are you going to do 100k hands? How about more players, say 100? I'd really be interested in seeing how long one of these super-robustos can run good, and how long the worst of the bustos stays underwater.

[GittyUP]

Im confused. I dont see the busto guys on the graph. Or did they some fall out of the bottom at the start.

[Orlando Salazar]

I will update the graph and chart in color with more people and more hands. Busto's went negative early. But it's log returns, so i assumed they "rebought".

[SpecT]

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SALAZARRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

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[GittyUP]

very nice post ill be watching for updates