So Am I A NIt?

[DeMaci]

I see you in the sports book betting $20 to show, you are a nit.

[bugman68]

The question gives 7-5 on a coin flip. David, my question is at what odds would you risk your entire bankroll on a coin flip? 2-1, 3-1, 4-1, 5-1 .... 20-1, 100-1? What point should you be willing to go broke or is there a point.

[g-p]

[ QUOTE ]
By posting this question you just proved you're a NIT (I'm one too, it's not always a bad thing)

A true "are you a nit or not" question would be, assume the coin is fair, it's 50/50, and you only get one toss. What % of your bankroll would you flip for? That's seperates the nits from non-nits.

[/ QUOTE ]
but his question is still good for comparing nittiness of one person vs that of another..

[Haunted Ghost]

Everyone who uses good table selection and practices good bankroll management is a nit. Anyone who utilizes Sklansky/Malmuth ideas to try to maximize EV is a nit.

[durron597]

a) i think david would bet ((1.2 * .5) - .5) / 1.2 = 1/12th of his bankroll

http://en.wikipedia.org/wiki/Kelly_criterion

[slolife9]

If you have strong borrowing ability i don't see why you wouldn't bet it all???

[g-p]

[ QUOTE ]
a) i think david would bet ((1.2 * .5) - .5) / 1.2 = 1/12th of his bankroll

http://en.wikipedia.org/wiki/Kelly_criterion

[/ QUOTE ]zzzzzzzzzzzzzzz

[aggie]

When people say that you are a nit they are comparing you to other professional poker players so your questions are worthless. But in my limited experience playing with you i would definitely have to say that you are a nit.

[BluffTHIS!]

[ QUOTE ]
a) i think david would bet ((1.2 * .5) - .5) / 1.2 = 1/12th of his bankroll

http://en.wikipedia.org/wiki/Kelly_criterion

[/ QUOTE ]


Divide 5 into 7 again and recalculate.

[Dexter_Cain]

[ QUOTE ]
You should just go ahead and create your own forum...oh wait

[/ QUOTE ]