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Old 12-08-2005, 02:07 PM
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Default Re: Bankroll considerations based upon estimated edge and Kelly criterion?

Thanks for the helpful response.

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To give you a rough feel of fluctuations and bankroll requirements, a typical win rate for a good player in a casino game is in the ballpark of one big bet per hour (e.g., $8/hr in a 4/8 game) and a typical standard deviation is roughly ten big bets per hour (e.g., $80/hr in the same 4/8 game).

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I think this info can be turned into some meaningful estimates related to a Kelly-based bankroll; I strongly suspect the 300-500 BB recommendations came from a consideration of the formula.
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