Conservative investors with a low risk profile or nearing retirement will usually go for blue chip stocks. Poker players bet in blue, white, and red chips with the blue chips having more value than both red and white chips. Giovinco double helps sink man hosts". He was eventually beaten by a Francesco Totti penalty in a 3—2 home win over Roma on 5 October after going unbeaten for minutes that season. This is the list of all possible combinations ranging from the strongest hand — Royal Flush, to the weakest — just a high card.

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Oh, and the formula is a monster! Before writing any complex formula you need to have a picture in your mind as to how you want the formula to work.

We thought that if we could figure this out, then we would be able to simply subtract all the previous costs of sale, to get the actual cost of sale for the row in question. Each of the four lines of the formula reflects the corresponding steps outlined above.

Note that this is an array formula and needs to be entered with Ctrl Shift Enter. Admittedly, this formula is completely ridiculous—just look at the size and complexity of the thing. We have seen others attempt to do this using a matrix approach, and while this simplifies the formulas required, it also blows out the size of the cells you need to do the calculations. In our view, this is a far worse outcome, as more cells means more chance of an error creeping in.

One thing in favour of the monster-formula approach is that it is very easy to test its accuracy. All you need to do is build a very small example model—like the example above—and run different buy and sell scenarios. Click here to download a copy of this spreadsheet. Thanks for the example, the formula is a little beyond my capability so I could never create this myself. I think though that it needs to be modified slightly to take account of a sale that exceeds the origianl purchase. Brian, thanks for your comment.

Regarding the second part of your comment: This is what is required to have the formula recognised as an array formula see italicised text under the second image. You are correct I had just pressed enter, when I press ctrl,shift, enter it works perfectly. Security Shares Total Cost Cum. I look forward to hearing from you — let me know how I can post my spreadsheet if that would be of more assistance. Maria, please email me a sample of your spreadsheet to darren sumwise.

Thank you for putting forth the effort into the formula. Can I use your spreadsheet in some way to calculate the profit and loss? Pls let me know.

Email your spreadsheet to me at info sumwise. I have found several approaches to this problem, and your solution is the most elegant one. Also thanks for explaining the formula in detail. As I needed to generalize the sheet to reflect not only one item type, but different items, I needed to understand the formula. When doing this, I found two questions I want to ask here.

Both of them are non-critical, but I am curious. Excel keeps complaining about circular references, even in your small example sheet. Excel seems to be fine with this, but complains when I let it calculate my Godzilla. When switching on iterations, both Excel versions give me correct results. Could you please give me some background information on how your monster creates circular references or not?

I know that this does not work for the first row, but the first row must be a purchase anyway. Glad to see my little monster has grown up. To answer your questions:. Perhaps you introduced a circularity into it with your Godzilla formula. Feel free to email me your model to info sumwise. Does this make sense?

Using OFFSET turns this physical reference into a logical one and allows new rows to be inserted without impacting the logic of the formulae. The sheet is on the way for you to have a quick look. Thanks for offering your help.

Thanks for this spreadsheet! In most cases, BB is exactly the double in size of SB or conveniently close to it. When the dealer is set, and blinds are posted the action can start. As the name suggests dealer is the one who deals the cards, and he starts doing it by giving the first card to the SB and continuing clockwise until everyone gets two cards meaning there will be two whole circles of dealing one card to each player. The dealer gets the last card if the hand is dealt correctly and then the betting action starts.

When you finish playing the hand, the dealer button moves left by one place clockwise, and all action starts from the beginning.

The hand ends when every player folds in any giving betting round, or you see the showdown when all rounds are completed. When all the above steps are complete, blinds set and hands dealt — the first betting round begins. The first to act is the player who is in immediate left of the big blind.

When the first player makes the decision, it is time for one who is sitting in immediate left to him, and all action continues clockwise until everyone makes the decision and matches bet sizes or folds. When a player decides to fold, he is not going to be involved in the hand anymore. Other players also have these three options and can make a decision based on the strength of their hand if everyone folded until them.

For example, if the first player calls, the second one raises, and everyone folds to the first player he can fold, raise or call and see the flop. When everyone makes their decisions, and the bets are matched is someone raised, another player called , we going to see the flop. This is where it gets interesting. When the preflop round ends, first three community cards are dealt on the flop, and everyone can evaluate if it helped to improve the hand with their hole cards.

Now the action starts from the first active player who is left of the dealer and continues clockwise like always. Again, all players have to make their decisions and can choose from:. When everyone acted, and all bets are matched on the flop, you will see the turn card.

After seeing the fourth community card, the entirely new betting rounds begin, and the action follows in the same way as on the flop. The last community card, which you will see is called the river. It is the fifth card that is placed face-up, and everyone can use it to make the winning combination. When the card is displayed, another betting round occurs in the same way as on the previous street. Depending on your spot, you still have an option to check, bet, raise, call or fold.

When all the betting action is completed, remaining player will go into the showdown. It is the name of the end stage where you show the hand and see who the winner is.

Everyone opens his or her hole cards, and the player with the best five-card combination takes down the pot. One of the most important things is to select right hands to play. If you end up playing many weak hands or just premium ones, you will not do well. Therefore, to help you out with this I created printable poker hands cheat sheet , which you can download and put next to your table.

I have separate ranges for cash games and tournaments so make sure to grab it now, and you will be on the right track. Building a winning Texas Holdem strategy is not as easy as it could look and it will inevitably require some studying, reading and most importantly, playing yourself.

Moreover, when you are starting out, make sure to play tight but aggressive strategy. There is no point to play many weak holdings, but when you play, try to do that by raising and betting instead of just passively calling preflop, and it will be the good first step.

Before jumping into the games you should be aware that there are many things, you need to master, and some of them is not even strategy related. The first thing that comes to my mind is poker bankroll management. It is one of the essential skills to learn, which will help you build the confidence and enable you to learn the game much faster.

If you follow, correct guidelines and separate your poker bankroll from everyday life, you will not feel under pressure and can make better decisions. Moreover, it is equally important to have enough money to outlive swings, which will inevitably happen because of poker variance. This alone will prevent you from tilting and unnecessary losing money. Another one of Texas Holdem tips is to prepare for your games. If you spend few minutes before your session to take care of all your basic needs, turn off all distractions and prepare yourself mentally, you will make much better decisions and will be able to keep your concentration for longer.

Self-management is critical, and you can get a bit more information about this topic on my free poker book! Apart from that, most other tips are strategy related, and you will find a full list of my best poker tips here! When you know basic poker rules, it is time to build and an ultimate plan for your Texas Holdem games.

The first step is to learn more about GTO game theory optimal play. I gave an extended guide comparing and explaining GTO poker strategy vs exploitative play. You will surely learn quite a lot reading it, so devote few minutes of your time. The whole idea for the advanced strategies is to balance your ranges in the way that no one could exploit you. If you can build such ranges, you will be able to play in any game and still be making money.

However, it is not as easy as it could look and requires a tremendous amount of work, time and even dedicated solving software that cost a lot of money. The good news is that you do not have to do it on your own because I already did it. I spend hundreds of hours analysing different strategies, ranges and working with a number of different software to give a solution for you. Thus, now you can master any part of your game, be it preflop or postflop, with my advanced poker strategy videos.

As I said at the beginning of this ultimate Texas Holdem strategy paragraph, GTO is the best starting point for anyone, and you will not go wrong with it. However, it works best against professional players who are not making many mistakes, and you do not have many ways to exploit them.

However, if you are up against weaker players who have many leaks and are just bleeding money, you should not be looking to balance your ranges and be unexploitable. Instead, you should concentrate on exploiting their mistakes. Kick off the new year!! Click here for results. Click here for results from prior years. The menu is primarily burgers and fries and other hot sandwiches.

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