Recent content by Auotmatic Monkey

Risk-of-ruin for the employed The Kelly Criterion and ROR for a fixed initial bankroll is pretty straightforward, but how does one compensate for being an employed person who always has money coming in and will never be "ruined", even when leaving the casino with empty pockets? Sitting and...

Online & with software There are plenty of references online, just reading the articles here, BJMath, etc. have enough information, but the most valuable tool is the Qfit software. I spend many hours working on simulations and that way you can get a good theoretical idea of how it works. And...