if it is your opinion that this bet would allow excessive risks, then it is your responsibility as the owner/operator of MoneyPot to disallow such bets from being placed. As the owner/operator of MoneyPot, it is your responsibility to ensure that your bankroll investors are not exposed to excessive risk.
The problem is he (and probably all the investors) didn't know.
(AFAIK) dooglus, nor RHaver are the ones who own MoneyPot, therefore it is not their responsibility to make sure that bets do not expose MoneyPot bankroll investors to excessive risk
I am not speaking on behalf of MP, I'm speaking on behalf of myself. Any official correspondence from MP itself will come from the official account. That said, I personally don't even understand Kelly, how it works, and how to break it down mathematically. It's not my area of expertise and I would never insinuate I know anything about it. I'm also not a developer, nor would I ever claim to be. As such, this entire discussion is completely foreign to me,
. Things like Kelly are way over my head. Looks like it's above others', too, with Bitvest's hefty loss today (9.2 BTC loss on a 0.1 BTC bet, with a 160 BTC bankroll). Wondering what their mass loss per roll is.