"To protect investors, the most a single player can win in one game is 0.75 % of the bankroll, in line with the Kelly criterion."
I'm confused and can't really tell from looking at the site (never even deposited bits on v2) - Is the 2x Kelly required for all investors or is it by choice?
It used to be required for all users, but currently the minimum required is 1.5x (due to the 25% commission having been temporarily suspended). You can leverage that up to 3x if you want to. That is the optional part.
What is it that actually goes negative when the house risks over 2x Kelly? And it can't be the expected bankroll growth, since that's simply the expected profit per bet summed (or averaged) over all the bets, which therefore is also a constant 1%.
It's the bankroll that goes negative. The casino starts losing money if the allowed bet is too high, it's a statistical certainty long term.Here's a simple script I made that may help you wrap your head around it:
https://jsfiddle.net/089vv8wh/It's set to 50% max profit so you can see how quickly it goes down.
Try setting it to 1x kelly or lower (and ramping up the loop count) to see positive growth.
I think the worst-case risk growthed from 1.5x Kelly to 2x Kelly after comissions' suspend, but not dropped?
No, it was 2x Kelly with the commission and is now 1.5x Kelly without it.
Without the commission, investors' EV for each bet is 1 % (the house edge) and the risk per round is 1.5 % of the bankroll.
You guys definitely defrauded investors, lied, and abused your powers. Full scam accusation coming soon.
Stop asking me to leave to try and hide. We had the opportunity to handle this in a civil manner, but RHavar, being the scumbag he is, tried to discredit me by calling me an idiot and encouraged everyone to look away.
When millions of dollars are at stake and you are both profiting off of it, the details need to be fully investigated and combed through, not just swept under the rug like you guys have attempted to do.
You are both dishonest and shameful human beings.