Without constant re-investment, any bankroll will be lost in the long run, correct?
Lets say you are kelly betting with a risk of ruin at 00. Then, over time or quickly, (more likely quickly) you lose 95% of your bankroll and decide to double your overall bets and bankroll.
Would raising your bankroll, and continuing to kelly bet acording to the doubled bankroll,(considering you have the bankroll) more than double your over all expected value? Or is it just like starting over with a doubled bankroll after losing?
What is the percent of times you catch the positive side of the fluctuation when you lose 95% of your bankroll when kelly betting? Is it 95%? And what effect does that have overall?
I can hope for the best, can't I? :grin:
Lets say you are kelly betting with a risk of ruin at 00. Then, over time or quickly, (more likely quickly) you lose 95% of your bankroll and decide to double your overall bets and bankroll.
Would raising your bankroll, and continuing to kelly bet acording to the doubled bankroll,(considering you have the bankroll) more than double your over all expected value? Or is it just like starting over with a doubled bankroll after losing?
What is the percent of times you catch the positive side of the fluctuation when you lose 95% of your bankroll when kelly betting? Is it 95%? And what effect does that have overall?
I can hope for the best, can't I? :grin: