RE: [vpFREE] big word used on 12/12 GWAE radio show

 

I'm not mathematically competent to debate NOTI on this subject. I sent the three posts in this thread (two by NOTI bookending one by me) to John Chang --- who was the one who used the reference to CE on the radio show in the first place. I asked if he had a comment that I could post here. Chang responded:

 
The VPfree poster is correct, in the context of fixed bet sizes that may be the case for video poker, and assuming Kelly=1. Knowing Kelly betting is actually pretty important, as William Poundstone shows in "Fortune's Formula".

I'm actually not sure how accurate the approximation CE=EV-variance/(2*kelly*bankroll) is for video poker, which has quite a large skew. For me, I think playing errors dominated the question of how much my video poker play was worth.

For blackjack, where you can choose your unit, it is optimal to choose a unit so that CE=.5 EV, regardless of the Kelly you choose.

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Re: [vpFREE] Reno Trip Report - Atlantis, Siena, Peppermill

 

Thanks for posting your trip report.  I enjoyed reading it.
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-----Original Message-----
From: clementiyn <clementiyn@yahoo.com>
To: vpFREE <vpFREE@yahoogroups.com>
Sent: Tue, Dec 24, 2013 2:13 pm
Subject: [vpFREE] Reno Trip Report - Atlantis, Siena, Peppermill
...
Final tally, we lost $1150 at Atlantis, won $430 at Siena, and won $3100 at Peppermill. Couldn't have lined it up any better. The place giving us free rooms took our money (and should be happy inviting us back). The two places we didn't stay, we took theirs. :)
 
Thanks for reading and Merry Christmas.



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