This is probably way past beating a dead horse, but I would like to point out that the approximate Kelly cost formula works for breakeven games as well as positive and negative games:
For a breakeven game, the approximate Kelly cost is just Variance/Bankroll/2. So for example, say, once you adjust for play errors, you're still skilled enough to play 10/6 double double for breakeven against the casino:
For a 100 royal bankroll, approximate Kelly cost is 0.105%
For a 10 royal bankroll, approximate Kelly cost is 1.05%
For a 5 royal bankroll, approximate Kelly cost is 2.1%
That's assuming the casino won't kick you out for winning, if the casino does kick you out for winning you get to leave a winner, lucky you.
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Posted by: nightoftheiguana2000@yahoo.com
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