DavinFelth
Elite
- Joined
- Aug 3, 2009
- Posts
- 2,626
- Location
- Chapel Hill, NC
- Society
- Natural Born Killers
- Avatar Name
- Davin Trooper Felth
All I am going to say to this topic.. please read and adapt:
Risk of ruin is a concept in gambling, insurance, and finance relating to the likelihood of losing all one's capital[1] or impacting one's bankroll to the point that it cannot be recovered. For instance, if someone bets all their money on a simple coin toss, the risk of ruin is 50%. In a multiple-bet scenario, risk of ruin correlates with the number of bets, in which risk increases the longer one plays.
Citation: http://en.wikipedia.org/wiki/Risk_of_ruin
Your risk of ruin should be 1-2%.
You said the G word... and betting... I don't understand. You are saying play less, or more?
Also - any tips on adapting and I'm all ears. My point remains - I stay away from the game for awhile - come back and loose lot of cash in 2 days... why keep playing? If adapting is hunting punies all day with opalo, then i'll choose the later... and die.