London Colin
Top Member
Nothing. The assumption that there are two (or more) factors which add up to 100%, so that if one rises another must fall, is false.What else would be added in to make 100%------
Skill equates to your edge (against average opposition). If you have an overall edge of, say 20%, then in the long run you expect to win 20c for every dollar you spend (assuming no rake and no overlay).
Luck equates to variance. The extent to which a given format requires luck, will affect just how long the long run truly is.
So you might have two different tournament formats, in both of which you have a 20% edge, but one might require you to play 1,000 tournaments before you can expect your actual return to equal your expected 20% return, while the other might only require 500 tournaments to achieve the same level of confidence.