True enough, Harry. With 0.25% cb, a $25,000 bankroll would only crash 1.9% of the time, vs 6.1% without the cashback. (I'm still assuming a 0.1% error cost.)
--Dunbar
---In vpFREE@yahoogroups.com, <harry.porter@...> wrote :
---In vpFREE@yahoogroups.com, <harry.porter@...> wrote :
Picture is a little rosier w/ a 0.25% cb add that I suspect was applicable back then ...
---In vpFREE@yahoogroups.com, <h_dunbar@...> wrote :
---In vpFREE@yahoogroups.com, <h_dunbar@...> wrote :
"When I started playing a lot of VP 25+ years ago it was mostly single line $ FPDW. The local VP pros at that time said you needed a 40K bankroll for that."
That's a surprisingly good conservative estimate of bankroll requirement, considering it was 25 years ago. The mathematical solution wasn't published until about 5 years later.
If you play perfectly, a $40K bankroll will allow you to play $1 single-line FPDW forever with just a 0.54% chance of going broke. If you are human, and say make errors costing you about 0.1% of your bets, then the chance of going broke on a $40K bankroll rises to 1.1%. For comparison, someone attempting that with a $25K bankroll (and making errors costing 1.1% of his/her bets) would have a risk of ruin of 6.1%.
--Dunbar
---In vpFREE@yahoogroups.com, <gamb00ler@...> wrote :
When I started playing a lot of VP 25+ years ago it was mostly single line $ FPDW. The local VP pros at that time said you needed a 40K bankroll for that. I'm pretty sure this was just a guess based on experience rather than mathematics. Not a bad guesstimate, it seems.
My wife and I played about 22K hands of single line FPDW without any quad 2's but 2 RF's for a net win of 500 bets. Can you say "roller coaster"?
G'luck all,
Gamb00ler
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