cost of ror

[blackjack avenger]

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.

 

[PierceNation]

t with a ror. Well, greatly minimize.

1/4 Kelly?

 

[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.

 

[blackjack avenger]

walk before running

1/4 Kelly?

It's a start:grin:

 

[blackjack avenger]

its your money

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