Re: CV
I think we are arguing separate points. My point is: If you have the sufficient bankroll to have a low chance of going bust in a game, then maximizing EV in that game is clearly your best long term strategy at that game. Your point seems to be: Kelly betting is optimal for bankroll growth.
I'm assuming a fixed betting structure and you're assuming that you can change your betting to whatever you want.
Kelly betting assumes a completely different betting paradigm. That is, that you are able to change your bet to whatever you want. As you said, Kelly betting optimizes the expected rate of your bankroll growth. If this is what you mean by "good" then that's fine.
All that being said, if your bankroll is all you have to live on, then Kelly betting might be too risky. You might be better off finding a game with a risk of ruin that you are comfortable with and maximizing your EV in that game.
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