thevegaspilgrim wrote: "As for Las Vegas, you're right--but if I can play close to even on a cash basis, and get accommodation and food taken care of via comps, then it's a relatively cheap trip!"
Don't forget to assess risk. One type of risk is caused by variance, probably the best tool for that is Dunbar's Risk Analyzer, the formula for 3sd is 3 x betsize x sqrt(variance x hands). Another type of risk is caused by player error, just assuming you will get the computer perfect EV in the casino environment is naive. Another type of risk is overbetting your bankroll, namely if your betsize is more than double your current bankroll x EV / variance you will get bankroll shrinkage even with a positive EV gamble. Another type of risk is not including tax considerations which can generate another fee which you weren't expecting.
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Posted by: nightoftheiguana2000@yahoo.com
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