hBob wrote on going broke: "How much attention do I pay to the Kelly criterion when I play video poker today? NONE AT ALL."
Sorry to hear that. Of course it's quite possible that your bankroll has
become too large for video poker. You might need something that offers
larger bet sizes. You could go into the stock market like Bill Gross.
Why do you believe I need to make growing a bankroll a top priority in my life?
My bankroll is "large enough." (I hope)
My philosophy is to play with an edge and take Bonnie square dancing. I'm 68 years old, financially fine, with no heirs. I have my causes I'll donate to when I die, but whether I give these organizations $xxx or five times $xxx isn't that important to me. I don't envy the people who sit home and count their money every day.
My bankroll is not too large to play video poker. But it's large enough that the stakes I play for don't threaten my lifestyle.
My philosophy about such matters was different when I was 34 than when I'm 68. I made some good choices and saved well along te way, and I'm now reaping the rewards of that. And I like it that way!
Bob
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Posted by: Bob Dancer <bobdancervp@hotmail.com>
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