Poker Video: No Limit Hold'Em by threads13 (Micro/Small Stakes)

Tolerance: Episode One

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Tolerance: Episode One by threads13

Threads13 gets into the winrate and math behind it and demonstrates how variance can affect it.

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Variance is huge in poker and it can drastically slow down the learning process. This series is split into two parts: 1) Identify variance and explaining the fundamental mathematics of variance. 2) Shifting the focus to learning (instead of results) and maximizing our learning.

Tags

threads13 tolerance variance winrate presentation ipod friendly

Video Details

  • Game: nlhe
  • Stakes: Micro/Small Stakes
  • 48 minutes long
  • Posted over 2 years ago

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eraser

Avatar for eraser

623 posts
Joined 02/2010

Cool first episode.
I am nowhere close to a math expert but been interested in statistics since I started poker lol.

Are you using the central limit theorem to approximate the distribution to a normal-distribution? Does the theorem apply because we have a sample greater than 50 or sth?

Looking forward to calculating our theoretical winrate using a F-distribution or whatever it is in future episodes.

Posted over 2 years ago

BoterSmoter

Avatar for BoterSmoter

75 posts
Joined 11/2009

When we do an estimate of our winrate, is it okay to put in rakeback/bonusses?

For example a player has a winrate of 5bb/100. He earns 2bb/100 from rakeback and/or bonusses. Can we say his winrate is 7bb/100 and use this number in our calculations?

Posted over 2 years ago

kaytor

Avatar for kaytor

17 posts
Joined 05/2010

When we do an estimate of our winrate, is it okay to put in rakeback/bonusses?

For example a player has a winrate of 5bb/100. He earns 2bb/100 from rakeback and/or bonusses. Can we say his winrate is 7bb/100 and use this number in our calculations?



No, because rakeback isn't influenced by variance, it's a steady income.

Just make the calculation with your 5bb winrate and add the 2bb/100 of rakeback at the end result.

Posted over 2 years ago

Tackleberry

Avatar for Tackleberry

3541 posts
Joined 10/2009

Wowow - I can´t tell you how thankful I am for this video. It clears things up in an unbelievably manner, things I were "superficially" aware of have gotten crystal clear now. THANKS!

Aside from that - real professional video, the screen play is just awesome, never saw that before. Hats off! I can imagine that it took a lot of work (no matter how helpful the tool was you used for it).

Posted over 2 years ago

procaine

Avatar for procaine

181 posts
Joined 11/2008

Yep,

one of the best vids lately,

really looking forward to next episode!

tx for a lot of good work!

Posted over 2 years ago

Emergence

Avatar for Emergence

490 posts
Joined 07/2009

Great video. I think since the majority of us use Holdem Manager, an option to hide the results throughout HEM can make us far less distracted by variance. You would of course be able to turn this option back on if you wanted. Or with the ability to disable it for a set period of time.

Anyways, the Holdem Manager guys are open to suggestions if there is enough interest.

http://forums.holdemmanager.com/user-interface-ui-suggestions/31491-hide-results-globally.html.

Posted over 2 years ago

Sugar Nut

Avatar for Sugar Nut

842 posts
Joined 03/2008

sluggger5x

Avatar for sluggger5x

14 posts
Joined 12/2007

This looks like the series have have been waiting years for. Really exciting.

Posted over 2 years ago

ship_it_holla_balla

Avatar for ship_it_holla_balla

99 posts
Joined 05/2009

Fantastic video, production quality etc. is very good and the way the material is presented is clear and concise.

Posted over 2 years ago

Poemmel

Avatar for Poemmel

1025 posts
Joined 03/2009

The Dude was very cool before this video, but now he is just a freakin baller!

Posted over 2 years ago

nickv1111

Avatar for nickv1111

3 posts
Joined 08/2010

Great video, I can't wait to watch the upcoming episodes.

Posted over 2 years ago

StnBuddha70

Avatar for StnBuddha70

706 posts
Joined 05/2008

Very nice work sir. The only thing I found a bit strange was the guy referred to as "The Dude," was in a pic with viscous, white, gunk dripping from his mouth. Everything else was awesome.

Posted over 2 years ago

TecmoSuperBowl

Avatar for TecmoSuperBowl

Tribe Leader
5590 posts
Joined 01/2009

Whoever told you to use that new presentation style is an absolute genius!

Posted over 2 years ago

dsikesii

Avatar for dsikesii

11 posts
Joined 12/2009

Depressing, yet comforting. LOL! Nice work sir!

Posted over 2 years ago




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