Originally Posted by assume_R
Firstly, the equation we use is WinRate - Std^(2/(2*KellyFraction*Bankroll))
[ i've added parentheses to this, i think it's equivalent but i want to check -- Std = standard deviation, yes? ]
What if I'm in a game where the Kelly Fraction is hard to define, but I know my risk of ruin based on my bets (and win rate and standard deviation)? Is there a formula that can derive the kelly fraction from that information?