Bob wrote on going broke: "How much attention do I pay to the Kelly
criterion when I play video poker today? NONE AT ALL."
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.
I recommend using the Sorokin formula. Instead of giving guidelines, it
gives very accurate figures on risk of ruin. The formula is difficult to
evaluate by hand, but it's implemented in Optimum Video Poker.
Dan
--
Dan Paymar, developer of "Optimum Video Poker" software
Visit my web site at http://www.OptimumPlay.com
"Chance favors the prepared mind" ~ Louis Pasteur
Posted by: Dan Paymar <Dan@OptimumPlay.com>
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