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Old 08-31-2007, 10:25 AM
jay_shark jay_shark is offline
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Join Date: Sep 2006
Posts: 2,277
Default Re: A plea to omgwtfnoway (re the variance thread blowup)

Let me summarize what I think is going on .

Take player A who is playing with 20BB's in a game where the BB is $a . Player B is playing with 100BB's in a game where the BB is $b .

If a=b , then player B will experience more variance .
If a>b or a<b, then player A's variance may or may not be higher than player B's .

If we talk about variance per BB , then clearly A will experience more swings . If we talk about variance per $ , then B will experience more swings .

This is analogous to a player winning 3 BB's playing a 10-20 limit game or a player winning 2 BB's playing a 20-40 game . You earn more money per BB in the former game , but you earn more profits in the second game .
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