Mike Caro has a pretty sick write-up on this in his Fundamental Secrets book. He writes that any money you DON'T lose is JUST as good as money you don't win. This seems obvious...but a lot of players don't see it that way. They treat their wins and losses differently.

Another way of putting it:

Quote Originally Posted by Mike Caro
$2875 my actual loss
-$2050 worth of bad cards
= $825 I could have save
I'm sure you've seen all this before but I figured I'd post it up for others to see. Good luck bro and thanks for the help (with ranges and such)!