Quote from: TwitchySeal on January 31, 2016, 05:00:59 PM

Quote from: Quickseller on January 31, 2016, 03:07:23 AM

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.

I am not sure that the risk-reward ratio is appropriate in this case.

My point more is that if the person who is offering an investment personally thinks that such investment carries excessive risks then he should either not offer such investment or should disclose his opinion of such.

Quote from: TwitchySeal on January 31, 2016, 05:00:59 PM

Quote from: Quickseller on January 31, 2016, 03:07:23 AM

~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.

No. How it is/was setup is that if you make the maximum bet size, then once out of roughly every 30k bets the bankroll will lose ~99% of it's value. So while gamblers are making the other ~29,999 bets, the bankroll will be steadily increasing, as will the maximum bet size. On the 30k^th roll, the bankroll would lose ~99% of it's value and would then be significantly less attractive to gamble against which would make it less likely that it would ever recover.