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***Nocturnal November Chat Thread***
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[QUOTE="BelgoSuisse, post: 1344857, member: 30299"] "BRM" for losing players is an entirely different thing than BRM for winners. A losing player has to figure what he aims to achieve when playing poker. If he plays because he enjoys the game, he needs to decide how much time he wants to play per month, how much money he's willing to lose and the risk he's willing to accept regarding these two variables in order to decide the stakes he can afford to play. If the losing player's aim is to try to make money, on the other hand, he should set a target amount where he'll call it quits if he wins that much, than his optimal strategy is to play as little as possible at the highest stakes possible in order to maximize his variance, because variance is the only thing that can make -EV players profit, and only in the short term. If his goal is to try to become a winning player, he needs to factor in educational tools (books, software) into his budget and balance that with how much he learns at the different stakes and how much he can afford to invest in the hope of becoming good enough to beat the game. BRM for the winning player is much easier, tbh. Just figure out your winrate, your variance, than choose an acceptable risk of ruin and there you go. [/QUOTE]
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