cost of ror

#1
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.
 

Lowrider

Well-Known Member
#3
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.
 
#5
its your money

Lowrider said:
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:grin::laugh:

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
 
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