Quote
Originally posted by: MoneyLA The problem is that there are many who don't understand that even Dancer needs a huge bankroll... he was risking $375 on every push of the button to have an income of $250,000 a year.
I didnt ask Dancer then because I was new to VP, but I would like to know this now. And perhaps one of our math guys here can provide the answer:
Assuming he played a DW game with the best possible paytable, how much money did he have to risk in order to win over the course of one year $125,000 plus get another $125,000 in cashback.
Originally posted by: MoneyLA The problem is that there are many who don't understand that even Dancer needs a huge bankroll... he was risking $375 on every push of the button to have an income of $250,000 a year.
I didnt ask Dancer then because I was new to VP, but I would like to know this now. And perhaps one of our math guys here can provide the answer:
Assuming he played a DW game with the best possible paytable, how much money did he have to risk in order to win over the course of one year $125,000 plus get another $125,000 in cashback.
Money, which do you do more often, (1) criticize "Dancer" for not explaining that VP is high variance, or (2) praise "Singer" for advocating a "system" that actually INCREASES THAT VARIANCE? Can you tell me, I've lost track.
And by the way, if the game is 101, you need to put $12.5 million through to get $125K. But how much you need in cash to put $12.5 through IS NOT THE ISSUE!! The issue is the variance, i.e. what is the range of wins and loses you can expect, given that the calculated expectation is a $125K win.
The only reason to calculate the MINIMUM bankroll is to know when to STOP playing, because you've hit bottom.