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Re: Full Kelly

Posted By: T-Hopper
Date: 15 Jun 01, 10:31 pm

In Response To: most mathematicians I've read have said the same (DD')

Table minimums
Table maximums
Rounded unit sizes ($5, $10, $25, etc.)
Mistakes
Early shuffles
Cover bets
Varying playing conditions
Different games available at different stakes

All these factors and more are reasons why betting fully Kelly has to be overbetting in the real world.

Messages In This Thread

• For Don S., Mathprof or others.. -- Burnt Card -- 15 Jun 01, 1:18 pm
  • Probably -- Don Schlesinger -- 15 Jun 01, 1:54 pm
    • "Haven't Read...he is respected." -- Clarke Cant -- 15 Jun 01, 4:52 pm
      • Desperate collision course -- Cyrus -- 15 Jun 01, 5:30 pm
        • You don't understand -- Don Schlesinger -- 16 Jun 01, 7:06 am
          • seems like he could -- El Burro -- 16 Jun 01, 7:58 am
            • No -- Cyrus -- 16 Jun 01, 8:17 am
              • well, maybe -- El Burro -- 16 Jun 01, 8:51 am
                • I agree -- Don Schlesinger -- 16 Jun 01, 11:58 am
        • Never said it was... -- Clarke Cant -- 16 Jun 01, 2:52 pm
      • Clarke, what about Sonny Barger?.. -- Burnt Card -- 15 Jun 01, 8:15 pm
        • Yes and... -- Clarke Cant -- 16 Jun 01, 2:53 pm
    • Fractional Kelly... -- Burnt Card -- 15 Jun 01, 8:07 pm
      • most mathematicians I've read have said the same -- DD' -- 15 Jun 01, 10:14 pm
        • Re: Full Kelly -- T-Hopper -- 15 Jun 01, 10:31 pm
        • 1/8th Kelly is right! -- Cyrus -- 15 Jun 01, 11:01 pm
        • Understanding Karel -- Don Schlesinger -- 16 Jun 01, 7:09 am
      • Ziemba -- Tonza -- 16 Jun 01, 3:29 pm
        • Why not give the direct link? -- C -- 17 Jun 01, 12:16 am
  • Be careful, -- Down Under -- 15 Jun 01, 4:43 pm
    • Explanation??? -- Don Schlesinger -- 16 Jun 01, 7:11 am
    • I sure wish -- DD' -- 16 Jun 01, 9:13 am
    • Did I miss something again? -- In Hiding -- 16 Jun 01, 10:14 am
      • Edward O Thorp still going strong -- DD' -- 16 Jun 01, 11:50 am

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