Post
Topic
Board Gambling
Re: PocketRocketsCasino.eu - Most trusted BTC Casino, 4038 invested, 327 Max payout!
by
Coef
on 15/07/2015, 02:22:12 UTC
If you bet 2x kelly of your fixed bankroll long term, you are guaranteed to bust!

heheh. That's fun to write a toy simulator for:

-lines of code-


That is an interesting analysis, though in reality it is a lot more easy to have "won all the money in the world" for 2 reasons. Tongue
1. There won't be 1e40 times of your initial investment in the world available for you to win.
2. Even with a 2x or 3x or 10x Kelly setup, very few bets are that huge. Most of the bets are of a size of just a tiny tiny fraction of max profit.