Friday, August 31, 2012

$0 to $10K - My Way, Update #18

$309.98

Well, it's been a pretty good month. The addition of Poker Stars has been helpful. I reached $300 for the first time.

I went from under $100 to over $300 in a month. It is still not very much, but the more I have the more I make. Just like in a Poker Tournament, the returns are exponential.

What is exponential growth? Think the Richter scale for earthquakes, think how a nuclear chain reaction happens or even how population growth occurs. While some may be logarithmic, the point is that the new value is dependent on the old value in much more than a linear fashion. So my Poker Challenge chart, when completed, is likely to look like the green line, below, rather than the red line.

Exponential growth
From Wikipedia, the free encyclopedia


The graph illustrates how exponential growth (green) surpasses both linear (red) and cubic (blue) growth.
  Green line is Exponential growth
Red line is  Linear growth
Blue line is   Cubic growth
Exponential growth (including exponential decay when the growth rate is negative) occurs when the growth rate of the value of a mathematical function is proportional to the function's current value. In the case of a discrete domain of definition with equal intervals it is also called geometric growth or geometric decay (the function values form a geometric progression). The exponential growth model is also known as the Malthusian growth model.
The formula for exponential growth of a variable x at the (positive or negative) growth rate r, as time t goes on in discrete intervals (that is, at integer times 0, 1, 2, 3, ...), is
x_t = x_0(1+r)^t
where x_0 is the value of x at time 0. For example, with a growth rate of r = 5% = 0.05, going from any integer value of time to the next integer causes x at the second time to be 1.05 times (i.e., 5% larger than) what it was at the previous time. 

Now you know!

I am still very careful with my pennies and I am following the very strict "Bankroll Management" techniques that I have used since the start of this adventure.

Here is the chart:


Kevin Flops a Royal Flush

Kevin Flops a Royal Flush
A Royal Flush for Kevin