NOTI wrote: Dan wrote: "I also pay absolutely no attention to the Kelly criterion for video
poker, but for a different reason. Kelly works well for games with near
even odds and payoffs such as blackjack, but it's very misleading on
games with widely skewed odds such as video poker."
OK, I guess, whatever you say. I think anyone who knows even a little
bit about Kelly would understand that the above statement represents
someone who knows very little about Kelly. The history of Kelly shows it
has been used successfully in a wide spectrum of activities, so the
notion that it is limited to blackjack is rather quaint.
"Rather quaint," is your description, not mine.
Happily, Dan's post comes with a special bonus that far surpasses whatever "quaintness" it exhibits.
It's his second post in two weeks in which he has promoted his software. That puts him in violation of the rules around here and allows us all to find out what kind of penalty the administrator will invoke!
Bob
[Non-text portions of this message have been removed]
Posted by: Bob Dancer <bobdancervp@hotmail.com>
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