Re: Bankroll considerations based upon estimated edge and Kelly criterion?
[ QUOTE ]
[ QUOTE ]
(This assumes a bankroll resizing between hands)
Does anyone see any flaws in the argument? I may try a quick OIC based on this criteria.
[/ QUOTE ]
Practically speaking, any bankroll that can be "resized" indefinitely doesn't need to worry about kelly betting. Wouldn't it be more correct to say that the betting is resized so that each bb is a 1/220th of the bankroll?
[/ QUOTE ]
Yep, that is what I was trying to say. Just got my words twisted around a little when writing the post.
|