Wongings relation to Kelly

Dopple

Well-Known Member
#1
I finally understand and apply Kelly or fractional Kelly but can’t get my head around why playing only plus count wouldn’t maybe allow you a bit better range of bets since you have no negative. A play all person vs a wonger should have different ruin numbers and even different limits to the bet based on edge in my view.
 

gronbog

Well-Known Member
#2
What do you mean by "better range of bets"? The optimal Kelly betting ramp when wonging features a smaller spread for the same risk of ruin. I would consider that "better". Is there something else that you had in mind?
 

Dopple

Well-Known Member
#3
gronbog said:
What do you mean by "better range of bets"? The optimal Kelly betting ramp when wonging features a smaller spread for the same risk of ruin. I would consider that "better". Is there something else that you had in mind?
Thanks Gronbog Well Kelly does not even apply when you play negative odds (minus counts). Where would one find a Kelly ramp for wonging? I know it’s your edge adjusted for variance determines percent of bank. I plan on like 2 units at plus 2 (.5 % of BR). I thought a saw .78 times edge so if I go .5 I should be at approx 2/3 Kelly. I can tell you I am loving the lack of volitility fractional Kelly offers. I need to carefully build a bank. Thx again
 

DSchles

Well-Known Member
#4
Dopple said:
Thanks Gronbog Well Kelly does not even apply when you play negative odds (minus counts). Where would one find a Kelly ramp for wonging? I know it’s your edge adjusted for variance determines percent of bank. I plan on like 2 units at plus 2 (.5 % of BR). I thought a saw .78 times edge so if I go .5 I should be at approx 2/3 Kelly. I can tell you I am loving the lack of volitility fractional Kelly offers. I need to carefully build a bank. Thx again
I assume you don't have BJA3 or any software, as these questions would be answered in a trice with either.

Don
 

Dopple

Well-Known Member
#6
DSchles said:
I assume you don't have BJA3 or any software, as these questions would be answered in a trice with either.

Don
Thanks Don,

I have casino Vérité but I don’t think that will do it. My plan is to stay about half Kelly and if I have very little volitility just tune up that fraction a hair
 
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