You should check out the risk of ruin (short term) calculations that are performed by Dunbar's spread sheet and/or Video Poker for Winners.
One inputs a pay table, the number of hands one wishes to play, a denomination, and your bankroll amount. It grinds a while and spits out the percentage of times that you will lose your entire bankroll, under those specific conditions.
..... bl
--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
>
> For an analysis I'm currently doing I need a solid definition of Short term vs Long term play. Since I'm unfamiliar with these concepts I'm having trouble locking down the meaning either on paper or in my mind.
>
> Short Term = How many hands?
>
> Long Term = How many hands?
>
> What is the popular consensus on the tipping point?
>
> Thanks in advance.
>
> ~FK
>
