dunbar wrote: "NOTI where is that "10x Kelly" coming from? $5 Jacks plus 1% (as in cashback) would require just $181K for a 1% RoR. (using the jazbo-Sorokin equation) "
10x is wrong, my bad. Should be about double Kelly, which would be close to your figure above (my estimate should have been $195K). But then, at double Kelly, I don't think one can just assume maxEV is always the optimal choice.
(Kelly is about 10% ror, 2x would be about 1% ror, 4x would be about 0.1% ror ...)
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Posted by: nightoftheiguana2000@yahoo.com
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