[vpFREE] Trip Reports

 

Thanks, Royal Flusher and Westie, for posting your trip reports here. Both are very entertaining.

In case anyone missed the links, here they are again.

http://www.royalflushervegas.com/p/royal-flushers-what-goes-around-spins.html

http://www.vegasmessageboard.com/forums/showthread.php?120674-My-Vegas-TR

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Posted by: "H. F." <sector7up2@yahoo.com>
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RE: [vpFREE] Re: Bob Dancer's LVA - 19 MAY 2015

 

Just another observation, maybe useful to others:

Approximate Kelly value = EV - Variance/Bankroll/2.

For large bankroll, Kelly value approaches EV.

For small bankroll, Kelly value approaches -Variance/2.

The crossover is at Bankroll = Variance/EV/2 at which the value is 0 for positive EV games and double the EV for negative EV games.

So, for example, a 99% return game has an approximate Kelly cost of 2% at a bankroll of Variance/EV/2 bets.

[Non-text portions of this message have been removed]

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Posted by: nightoftheiguana2000@yahoo.com
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