It's an approach to gambling, for example, a gambler could have say $100 discretionary cash and they want to know what's the best game to play for 5 hours with 95% confidence of lasting 5 hours. Dunbar's risk analyzer will answer this sort of question for video poker. But this is not the optimum way to grow a bankroll, for that you need the Kelly system:
http://www.jazbo.com/videopoker/kelly.html
Approximate Kelly bankroll is variance/edge bets.
Poundstone's book "Fortune's Formula" is a non mathematical explanation of the Kelly system.
--- In vpFREE@yahoogroups.com, Ed Miller <ed.miller@...> wrote:
>
> For what it's worth, I recommend a process very similar to Mickey's to my
> live poker students who are trying to build a bankroll.
> On Apr 28, 2013 6:45 PM, "Cogno Scienti" <cognoscienti@...> wrote:
>
> > **
> >
> >
> > Theory builds cities and moon rockets. On the other hand, ignorant blather
> > doesn't build anything but more ignorance.
> >
> > Cogno
> >
> > -----Original Message-----
> > From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com] On Behalf Of
> > rob.singer1111@...
> > Sent: Sunday, April 28, 2013 5:21 PM
> > To: vpFREE
> > Subject: Re: [vpFREE] Re: How to Jump Start a Bankroll the Mickey Crimm Way
> >
> > Theory doesn't pay the bills Mickey, nor does it guarantee anything other
> > than discussing hopes and dreams with others while enjoying six-packs of
> > Moose Drool. And where is there 1% cb on FPDW these days anyway?
> >
> > ----- Reply message -----
> > From: "Mickey" <mickeycrimm@...>
> > To: <vpFREE@yahoogroups.com>
> > Subject: [vpFREE] Re: How to Jump Start a Bankroll the Mickey Crimm Way
> > Date: Sun, Apr 28, 2013 4:51 pm
> > __________________________________
> >
> > Two different individuals decide to build a $5000 video poker bankroll.
> > They both get paid once a week. They both decide to set aside $200 a week
> > out of their paychecks.
> >
> > Player A dutifully goes to the bank every Friday and deposits $200 into
> > his video poker savings account with the intention of waiting until he has
> > $5000 before playing advantage video poker.
> >
> > Player B takes his $200 to the casino every Saturday and plays FPDW with
> > %1 cashback. His plan is to play exactly 5000 games....
> >
> > [Non-text portions of this message have been removed]
> >
> > ------------------------------------
> >
> > vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm
> >
> > Yahoo! Groups Links
> >
> >
> >
>
>
> [Non-text portions of this message have been removed]
>
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