Kelly vs ROR math

[Midwestern]

Originally Posted by kewljason

With Kelly if you keep resizing downword, you will not be resizing your entire spread as most likely the minimum wager is set by table minimums, so you are resizing your top wager and reducing your spread. this makes it more difficult to recoup earlier losses. Imagine trying to win back losses acheived with a $10-$100 spread when kelly resizing has now reduced your spread to $10-$50.

I like this idea alot though for long-term bankroll growth. By figuring out whatever kelly bet we would do at different TC (i.e. the betramp i figured out earlier)

As the bankroll grows, the size of your bets grow when you have advantage, but at lower TC situations, Kelly still calls for minimum bets.

Basically this means you increase/decrease your spread proportionally according to your bankroll growth.

KJ, that means that even though you play 25-400, you should try playing 5-400, beacuse you are probably overbetting in some low-edge scenarios. I can see you getting away with this by betting 25 off the top of a shoe (so a PB eyes you as a $25 player and still thinks you spread 1-16), but scale it down little by little so that you're betting 5 if the count isnt fully TC+1. This increases your true spread to 1-80 which sounds to me like a very powerful game.