In the last Gambling with an Edge radio show, the S.C.O.R.E. value was mentioned for blackjack. This is supposed to be the hourly win rate assuming a Kelly betsize for a $10,000 bankroll. For video poker this would be:
$10,000 x (Kelly ratio, approx. ev/variance) x hands/hour x ev
this comes out to:
$10,000 x ev^2/variance x hands/hour
For FPDW at 1000 hands/hour:
SCORE=$10,000 x .0076 x .0076 / 25.84 x 1000 = $22.35 per hour
If I use the exact Kelly ratio:
SCORE=$10,000 x (1/2925) x 1000 x .0076 = $25.98 per hour
This could be a way to compare table games to video poker.
It's clearly related to the Sharpe Ratio (ev/sd) which is a standard way to rate investments.
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Posted by: nightoftheiguana2000@yahoo.com
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