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Poker - Calculating your edge
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#1
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Calculating your edge
I've been reading Barry Greenstein's Ace on the River and he frequently refers to your edge in a game. I've heard it before numerous times, but never learned how players are supposed to calculate it.
Barry goes so far as to say he had calculated his edge down to one tenth (!) of a percent in a certain game. How the hell does he come to such an accurate %? On a side note I'd recommend that book to anyone and everyone involved in poker. Great great read and I'm not even 1/2-way done. |
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#4
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How could you possible calculate to a tenth of a percent a number that could never be proven. It is possible for really good poker players to make questionable moves and bad players to make good moves so how the heck can you get numbers for something like that. I am probably missing something.
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#5
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I've been wanting to read Ace on the River since last years WSOP when I learned he signed and gave away copies of it. Unfortunately, it's not available in ANY local book stores, and I'd have to order it online. Hopefully I'll get to it eventually.
That said, I've got no clue how you could possibly calculate your edge over other players. As long as I know I HAVE an edge then I'm happy. |
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#6
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#9
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I finished reading it about a month back and I haven't got the book with me right now, but from memory he was talking about it in terms of a % skill edge over the other players in the game.
I'd imagine ROI would be the figure he's really talking about though. Fascinating read when it comes to all the stuff that the other poker books don't talk about. I don't know if it'll make many people better poker players, but I imagine it will make lots of people better citizens of the poker world. |
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#10
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I don't think so. I think he means something along the lines of him being %3 better than other players. Take a made-up casino game for example. The house has a %5 edge, and therefore will win %55 of the time in the long run, the player winning %45. That's my guess anyways. Has the poker book connoisseur not read Ace on the River? |
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#11
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True, that's how he words it, but surely ROI (or some other figure like it, though I can't think of a better one) would have to be what he's basing it on - "skill" is just far too esoteric a concept to be putting % figures on with any kind of accuracy
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#13
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Also, in your example, typically a 55/45 split be considered a 10% edge (55 minus 45 = 10). I thought Ace on the River was kind of weird when I read it (awhile ago), and not particularly helpful; maybe I should give it another look. |
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#14
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Just a quick (and wrong) example from me.Quote:
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#15
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