Quote:
Originally Posted by assume_R
Firstly, the equation we use is WinRate - Std^(2/(2*KellyFraction*Bankroll))
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[ 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?
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