Help needed on calculation
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
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