[vpFREE] RE: Positive ev at the big two

 

Bankroll is never a joking matter. If you are funding your bankroll from your paycheck, your first bankroll is equal to some fraction of your paycheck. By the time your next paycheck comes around, your bankroll is equal to your starting bankroll plus or minus your gambling results plus another fraction of your paycheck. As I said, unless your day job is Chairman of the Fed, where you can legally print your way out of any downturn, your bankroll is never infinite.

On a related note, if you want to gamble in control, there are four things you need to know: edge, variance, Kelly bet, N0. Approximate Kelly bet is bankroll x edge/variance (you never bet more than this number), N0 = variance/edge^2 hands (you need to play this number of hands to get at least an 84% chance of being ahead).

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