harry.porter@verizon.net wrote:
>Adding to NOTI fine reference to a Kelly bankroll: A Kelly bankroll figure optimizes bankroll growth, but generally represents an uncomfortable risk level for most players - 13.5% risk of ruin.
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> Some players I know use the kelly numbers, but inflate the suggested bankroll by 150% or 200% (respective ROR's of 5% and 2%).
I'm not sure how there would be any ROR with Kelly betting. Does that
assume that the initial bet level would be retained forever? Under
that assumption, Kelly betting strategy might not optimize bankroll
growth.
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