sagefr0g said:
hey what ever works dude.
like we used to say in the 60's don't knock it if you haven't tryed it lol
That would be the late 60's lol.
Anyway, here's a simple formula to figure ROR. The constant "e" of (-2/K) where K is your Kelly fraction. So, in Excel, it's just "=EXP(-2)" for a full Kelly fraction.
I think this is assuming an overall positive game with no re-sizing or time constarints. (Not 100% sure lol.)
Another one I like, and why I think I don't like betting full kelly, is no one asks anything other than ultimate ROR, like 13.5% for full kelly. No one seems to worry about the chances of being down a fraction of your bankroll at some point.
I think full kelly means you also have a 10% chance of losing 90% of your bankroll at some point.
So, I think "F^((2/K)-1)" where F is a fraction of your bankroll that remains and K is full-kelly or a fraction thereof, is a good one in helping to decide what swings you may expect.
Anyway, if I see one that seems simple enough, and, for me, it better be pretty simple, I stick it in a spreadsheet in case it comes in handy.
As for advantage, I don't think there's a way to know it except with a sim.