Jean wrote: "There is never a zero chance of going broke."
With the Kelly system there is zero chance of going broke, and a very reduced risk of bankroll depletion. I think, if I remember correctly, the Kelly number for FPDW with no other sweeteners and perfect play is 2925 bets, so for 5 coin quarters you would stop gambling at a bankroll of $3,656.25, meaning your bankroll would never go lower than that amount. Of course if you can find 10 coin nickel FPDW, the Kelly stop limit there would be $1,462.50, and for 5 coin nickel FPDW it would be $731.25 Google "Kelly betting" for details.
---In vpFREE@yahoogroups.com, <vpfree3355@...> wrote:
Jean Scott's Frugal Vegas LVA BLOG - 13 NOV 2013
Can You Still Do It? – Part 3
http://jscott.lvablog.com/?p=3255
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This link is posted for informational purposes
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Can You Still Do It? – Part 3
http://jscott.lvablog.com/?p=3255
*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
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