Post
Topic
Board Gambling
Re: Moneypot just took a huge loss?
by
TwitchySeal
on 31/01/2016, 17:00:59 UTC
Regardless of if this bet was kelly compliant, regardless of the question of if it was appropriate to allow this bet, and regardless of what the setters of MoneyPot were under RHaver, 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.

No it's not.

As an investor - I would prefer the Bankroll not to be based on any humans personal risk tolerance level.  (if my assumptions are accurate, then especially ranlos)

I would prefer my investment to be subjected to the extreme risk they said it would be.  I'm fully aware the bankroll could get wiped out and the upside that comes with it.  That's one of the biggest reasons I find it appealing.




~32k bets placed every day, which puts an excessive risk on the bankroll, as if bets are large enough, then the bankroll could potentially be wiped out multiple times per day

You've got it backwards.  Volume reduces variance.