Re: [vpFREE] VP Volatility: single-line > multi-line?

 




---In vpFREE@yahoogroups.com, <007@...> wrote:

harry.porter@... 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.
>
>
> 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.

In reply to above:

Obviously ROR isn't applciable with Kelly betting.  However, from a practical standpoint, most attractive video poker opportunities are not scalable in the  manner that a true application of Kelly would dictate (limited by game availability).

In any case, in the context of this thread, a Kelly bankroll calculation was cited in response to the general question of what's an appropriate bankroll for a specific multiline play (fixed denom) ... neither the question, nor (I believe) the answer presumed Kelly betting, given these practical limitations.

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