Re: Am I stupid? I can\'t fit these two concepts into any type of harmony.
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The expected value of the bankroll is a decreasing function of time. It has a negative derivative, i.e., a negative growth rate.
Do not confuse the expected bankroll's rate of change with positive expectation on a particular bet, or series of bets.
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Just to be clear here. Playing with a fixed positive edge and proportional betting which exceeds twice the Kelly optimum proportion. You say,
" The expected value of the bankroll is a decreasing function of time. "
Calling David Sklansky. Do you still agree with Bill here David? Anybody else?
PairTheBoard
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