It's only "risk of ruin" if the amount represents the entire bankroll, but Kelly system gamblers would never risk the entire bankroll on anything other than a sure thing. For the Kelly system, it's the risk of having to reduce the bet size or resume scouting for an acceptable play if they are already at the min bet for that particular gamble. If you blow through your entire gambling bankroll, of course you can no longer gamble at all, until you somehow find some more money or convince a casino or bank to give you a no-doc loan. If you hit the Kelly bankroll limit and you can't reduce the bet size on your current gamble, you have to stop that particular gamble, but you can scout (scouting is free) and you might find another gamble that does qualify for your new reduced bankroll size. The smart consumer doesn't just settle for the best offered at the moment, instead they look around for the better bargains.
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