--- In vpFREE@yahoogroups.
> What NOTI identifies is a bankroll to protect against losses with
> lifetime (infinite) play ...
I disagree. I specified the Kelly Bankroll, that's the bankroll that
is able to achieve the maximum bankroll growth from this game,
starting with your next bet. If you think about it, if you start with
one bet, you could lose it all, so obviously your risk of ruin is
huge, and that can't possibly be optimal bankroll growth. If you start
with the bankroll of the Sultan of Brunei, you have no chance of ruin,
but you have almost no bankroll growth either. If you're already
stinking rich, what value is there in being slightly richer? The Kelly
Bankroll is the bankroll amount that acheives maximum bankroll growth.
On your next bet, right now! Kelly is about the here and now, not some
hypothetical infinite lifetime. Kelly also is not fixed, your next
optimal bet is determined by your current bankroll and the advantage
and variance of the bet you are considering taking.
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