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#1
November 24th, 2011, 10:01 PM
 blackjack avenger Executive Member Join Date: Feb 2007 Posts: 1,435
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.
__________________
Keys to Counting Success:
Mental toughness and discipline
Play quality games aggressively
Play 1,000 hours
Bet conservatively to last 1,000 hours

#2
November 27th, 2011, 04:28 PM
 PierceNation Senior Member Join Date: Aug 2010 Location: South Island Posts: 59

Quote:
 Originally Posted by blackjack avenger t with a ror. Well, greatly minimize.
1/4 Kelly?
#3
November 27th, 2011, 05:41 PM
 Lowrider Member Join Date: Apr 2011 Location: Ohio Posts: 82

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
November 27th, 2011, 08:57 PM
 blackjack avenger Executive Member Join Date: Feb 2007 Posts: 1,435
walk before running

Quote:
 Originally Posted by PierceNation 1/4 Kelly?
It's a start
__________________
Keys to Counting Success:
Mental toughness and discipline
Play quality games aggressively
Play 1,000 hours
Bet conservatively to last 1,000 hours

#5
November 27th, 2011, 09:07 PM
 blackjack avenger Executive Member Join Date: Feb 2007 Posts: 1,435

Quote:
 Originally Posted by Lowrider 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
__________________
Keys to Counting Success:
Mental toughness and discipline
Play quality games aggressively
Play 1,000 hours
Bet conservatively to last 1,000 hours

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