08-04-2002, 03:52 AM
hi,
could someone please help me with a bank roll query (not related to poker). If someone is playing a game with an overall payout of 100.2% and a 16.7% chance of each bet winning, what bankroll would be needed in terms of units to have a 95% chance of not going bankrupt?
if possible please show me the formulae you have used (kelly or other wise).
thank you, insights are much appreciated.
Arrash
could someone please help me with a bank roll query (not related to poker). If someone is playing a game with an overall payout of 100.2% and a 16.7% chance of each bet winning, what bankroll would be needed in terms of units to have a 95% chance of not going bankrupt?
if possible please show me the formulae you have used (kelly or other wise).
thank you, insights are much appreciated.
Arrash