Originally Posted by Severity8
... what are the odds for the guy who saved up $500 or a grand. For the guy playing $500 thats 1/20th of $10K or a 1 in 20 shot of success in a perfect world right or would it be worse?
Way, way worse.
I won't even address the $500 situation, because that's within statistical noise even when you're red chipping: $500 swings often happen in under an hour of play.
If you start with, say $1000 and manage a good run to $4000 - and that's a very good run - you have merely moved from a nearly hopeless bankroll to an abysmal one. You will, at that point, face a very high risk of ruin, and every fluctuation taking you below $4000 will make it worse again.
Even at red chip levels the downswings can be breathtaking.