Recent content by London Colin

I don't know how to calculate the optimal amount. My first post was to mention that I thought I had read something somewhere on this very topic. I'm nowhere near being an expert in these matters, just a curious bystander. The actual experts, such as Don may be able give more detail. For what...

It occurs to me that references to RoR may not be that helpful. Perhaps a better way to think about it is this - With a fixed bankroll, there is a sweet spot, the Kelly Criterion, for your bet sizing; but most generally bet less than this to reduce RoR. If instead you bet more, not only do you...

But my point was it doesn't have to all be so ad hoc. There is, I think, a formula for RoR (or something broadly analogous to RoR) that factors in the amount of disposable income you are prepared to add to your bankroll each month. You expect your bankroll to grow at a rate that reflects both...

I vaguely recall reading a formal treatment of this kind of idea - I.e. how to account for a 'replenishable bankroll' in your RoR calculations. Could it have been in your book, Don? The basic idea being that ruin never truly comes if your bankroll is topped up once a month, so you can to some...