US States
NJ Online Casinos
WV Online Casinos
PA Online Casinos
Michigan Online Casinos
Online Casino California
Online Casino Arizona
Online Casino NY
Real Money Casinos
Fastest Payout Casinos
Mobile Casino Apps
New Online Casinos
Casino Payment Methods
Sweepstakes
Sweepstakes apps
No deposit bonus
Daily login bonus
Sweepstakes games
Crown Coins
Funrize
Hello Millions
High 5 Casino
Jackpota Casino
Mcluck
MegaBonanza
PlayFame
Pulsz
RealPrize
Stake.us
Sweepstakes coins
Awards
Search forums
Free Games
Free Blackjack
Free Online Roulette
Free Slots
Bonuses
No Deposit Bonus
Crown Coins Promo Code
Funrize Primo Code
Hello Millions Promo Code
High 5 Casino Promo Code
Jackpota Promo Code
McLuck Promo Code
MegaBonanza Promo Code
Pulsz Promo Code
RealPrize Promo Code
Stake.us Promo Code
Games
Online Slots
Blackjack
Roulette
Poker
CardsChat Freerolls
How to Play Poker
Poker Hands
Poker Strategy
Free Online Poker Game
Poker Bonuses
Poker Tools
Poker Podcast
Poker School
Forum
News
Log in
Join
Search
Search
Search titles only
By:
Log in
Register
Search
Install the app
Install
Forum
Poker Discussion
General Poker
"in the long run"
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="starting_at_the_bottom, post: 2023821, member: 93042"] If I have understood what you are asking correctly, in that how long (in the long run) does it take for getting it in ahead, to become profitable. Then perhaps this is explained via the old coin flip example. I have copied this from another site, and will then move on to explaining how it can relate to poker "[COLOR=Navy]If a coin is balanced (by shape and weight), we reason that it should have equal chance of falling heads or tails. There is only two possible outcomes and they have equal chance ie 50% - 50%. All we can then say with certainty is that if we toss the coin, it will fall either heads or tails for each throw. We cannot be sure whether it will fall heads or whether it will fall tails. All we can say is that there is a 50% chance it will fall heads and a 50% chance it will fall tails. We have assigned a probability of outcome to the toss of the coin. When we toss the coin a second time, the probability is again 50% - 50% . It does not matter what happened in the last throw. Each throw is independent. So there is no reason why we can't have heads, heads, heads, tails, heads in consecutive throws because each throw is not effected by the previous outcome. Also, it is quite reasonable to get h,t,t.h,h,t or even h,h,h,h,h,h,h,t. Fortunately before we go mad, what probability theory does tell us is that the more tosses we make the closer the number of heads and tails will tend to 50% each. So for instance if we toss the coin 100 times the count could be 47 heads and 53 tails. If you had tossed the coin only twice you could have land up with 2 heads only. Hence to check if the coin was balanced you might want to toss it 100 times and not two or three times." ---------------------------------- [COLOR=Black]Now for example[/COLOR][/COLOR], lets assume we are talking about specifically when we get in KK vs AJoff pre flop. [COLOR=Navy] If a coin is balanced (by shape and weight), we reason that it should have equal chance of falling heads or tails. There is only two possible outcomes and they have equal chance ie 50% - 50%. [COLOR=Black]Well, we actually have 3 possible outcomes, they are:[/COLOR] [COLOR=Black]The odds are KK 71.06% AJ 28.61% tie 0.33% [/COLOR] All we can then say with certainty is that if we toss the coin, it will fall either heads or tails for each throw. We cannot be sure whether it will fall heads or whether it will fall tails. All we can say is that there is a 50% chance it will fall heads and a 50% chance it will fall tails. We have assigned a probability of outcome to the toss of the coin. When we toss the coin a second time, the probability is again 50% - 50% . It does not matter what happened in the last throw. Each throw is independent. So there is no reason why we can't have heads, heads, heads, tails, heads in consecutive throws because each throw is not effected by the previous outcome. Also, it is quite reasonable to get h,t,t.h,h,t or even h,h,h,h,h,h,h,t. [COLOR=Black]We can relate this to the above odds, and understand that the result of the previous KK vs AJ has no bearing on the current KK vs AJ Although as this is not 50/50, (the odds are in our favour) there is a lower chance of getting x number of losses in a row, and a higher chance of getting x number of wins in a row. [/COLOR] Fortunately before we go mad, what probability theory does tell us is that the more tosses we make the closer the number of heads and tails will tend to 50% each. So for instance if we toss the coin 100 times the count could be 47 heads and 53 tails. If you had tossed the coin only twice you could have land up with 2 heads only. Hence to check if the coin was balanced you might want to toss it 100 times and not two or three times. [COLOR=Black]This is the crux of the matter, [B]on the whole[/B], the more times you get into this situation, the closer the % outcome gets to 71.06% wins, 28.61% losses and 0.33% draws. As you play more and more hands the % values will get closer and closer to this. This might not seem aparrant early on, I mean with a microscopical sample size of say 4 hands you might lose 100%. But over 400 hands the percentages will be closer to the above, with 4,000 hands it will be closer still and so forth.[/COLOR] [COLOR=Black]If you were talking about specific "plays". Then that is a whole new ball game, as first you would need to quantify the optimum play. And trying to explain that is way way above my understanding.[/COLOR] [/COLOR] [/QUOTE]
Insert quotes…
Verification
Post reply
Forum
Poker Discussion
General Poker
"in the long run"
Top