You multiply the kelly bankroll. 2x of the kelly bankroll you calculated would be $3000.
btw, a quick reality check indicated I was off in citing the 2x kelly ROR. Should have been .135^2=.018 (or, just under 2%).
- H.
--- In vpFREE@yahoogroups.com, "moneyplays_tothelimit" <moneyplays_tothelimit@...> wrote:
>
> ok, so what do I multiply by 2/2½? A royal or the kelly number?
> I've always heard a good bankroll is 4x a royal at your particular level...so $8000 lifetime bankroll I assume correct?
> I don't have exactly $8000 on me right now...but what if I split it up and brought $1500 with me each month...
>
> --- In vpFREE@yahoogroups.com, "vp_wiz" <harry.porter@> wrote:
> >
> > moneyplays_tothelimit" wrote:
> > >
> > > I was looking at the Kelly Bankroll Criteria...
> > > It says that for 9/6 JoB, with a 2% cashback...for a FULL Kelly Bankroll, it's 733 "units"...
> > > So lets say for instance I had 600 units...
> > > My requirement is putting in $10k coin-in twice a month...
> > > So I figure I'll play 50c denom, to play 4000 hands in a day.
> > > So $1500 should be sufficent, correct?
> >
> > Keep in mind that "Kelly" maximizes growth ... it's not survival focused. A Kelly bankroll translates to approx 13.5% ROR -- a less than 1 in 8 chance of long term survival.
> >
> > The players with whom I'm familiar that size vp bankroll in Kelly terms tend to use a multiplier of 2 or 2.5, which gets you to a more reasonable 5% ROR.
> >
> > < So, how about sliding an email my way with details on the casino ;) >
> >
> > - Harry
> >
>
