[vpFREE] Re: Real cost of an "error"

Cogno Scienti wrote:
>
> It costs 0.247% of your bet to hold just the aces (1.24 cents on a
> $1 game as you say). Aces up are 19008 out of the 2,598,960
> possible hands. So the EV is lowered by 0.00247 * (19008 /
> 2,598,960) or 0.0018%. So it'll cost you about $18 for every
> million dollars you put through the machine. At 1000 hands per hour
> you'd be throwing away 9 cents/hour. Some folks may have that
> kind of money to waste but I don't.

Along the same lines, in my book chasing higher variance at the expense of ER is seldom a smart wager.

Whether pro or rec player, bankroll should be conserved.

- H.

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