I'll suggest that most players who happen to target half-Kelly betting have no interest in Kelly at all.
It just happens that there's a direct correlation between Kelly numbers and ROR. Half Kelly comes out to about 2% ROR, which represents VERY comfortable risk for most people.
And I wouldn't be surprised that most casual active gamblers, with no knowledge of statistics, intuitively end up targeting their wagers at around half-Kelly as a consequence.
Still, when it comes down to it, the derivation of Kelly numbers is not sourced from ROR calculations.
---In vpFREE@yahoogroups.com, <nightoftheiguana2000@...> wrote :
Actually, you are playing Kelly and don't even know it. The use of half Kelly is pretty standard, again there are reasons.
[Non-text portions of this message have been removed]
Posted by: harry.porter@verizon.net
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