blackjack avenger
Well-Known Member
optimal is not always as optimal does
Does bank preservation matter?
Kelly 50% chance of losing half
&
10% chance of losing 90%. Will table minimums bite you? Will it be worth it to continue?
With full kelly the long run may be beyond one's career length.
Off the top of my head less then 1% chance of losing half with 1/4 Kelly
Overbetting Kelly is so damaging that with human limitations one should not get near it.
Does bank preservation matter?
Kelly 50% chance of losing half
&
10% chance of losing 90%. Will table minimums bite you? Will it be worth it to continue?
With full kelly the long run may be beyond one's career length.
Off the top of my head less then 1% chance of losing half with 1/4 Kelly
Overbetting Kelly is so damaging that with human limitations one should not get near it.