Blackjack and Card Counting Forums - BlackjackInfo.com

  #1  
Old November 24th, 2011, 11:01 PM
blackjack avenger's Avatar
blackjack avenger blackjack avenger is offline
Executive Member
 
Join Date: Feb 2007
Posts: 2,267
Default cost of ror

One does not just lose their current bank, they lose the income the bank could have generated.

This unnecessary risk cost can easily be avoided.

Don't play with a ror. Well, greatly minimize.
  #2  
Old November 27th, 2011, 05:28 PM
PierceNation's Avatar
PierceNation PierceNation is offline
Senior Member
 
Join Date: Aug 2010
Location: South Island
Posts: 149
Default

Quote:
Originally Posted by blackjack avenger View Post
t with a ror. Well, greatly minimize.
1/4 Kelly?
  #3  
Old November 27th, 2011, 06:41 PM
Lowrider's Avatar
Lowrider Lowrider is offline
Member
 
Join Date: Apr 2011
Location: Ohio
Posts: 97
Default

I must plead ignorant to the Kelly methodology...I see no justification for it...I simply try to play with a good old simple .5 % OR LESS ROR. Which basically gives me a 1 in 200 chance of blowing my bankroll....I can live with that.
  #4  
Old November 27th, 2011, 09:57 PM
blackjack avenger's Avatar
blackjack avenger blackjack avenger is offline
Executive Member
 
Join Date: Feb 2007
Posts: 2,267
Default walk before running

Quote:
Originally Posted by PierceNation View Post
1/4 Kelly?
It's a start
  #5  
Old November 27th, 2011, 10:07 PM
blackjack avenger's Avatar
blackjack avenger blackjack avenger is offline
Executive Member
 
Join Date: Feb 2007
Posts: 2,267
Default its your money

Quote:
Originally Posted by Lowrider View Post
I must plead ignorant to the Kelly methodology...I see no justification for it...I simply try to play with a good old simple .5 % OR LESS ROR. Which basically gives me a 1 in 200 chance of blowing my bankroll....I can live with that.
If you resize on wins & losses then your using fractional kelly. Which is my inane mantra

Why play with an ror?

How long to replace bank? This will give you an idea of ror cost. The EV you would lose from not playing
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 07:04 PM.


Forum Software vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright 2005-2011 Bayview Strategies LLC