3 player currently making 100btc+ bets, holy hell...
Don;t you wish the max profit was 1% so we could have even higher variance?
Mechs, you amaze me. You do realize that the more players we have doing near max profit bets the lesser variance we have, right?
And YES, I'd like to have full Kelly again, as 99% of investors who understand how math works.
No way, broseph. We won when we were at 1/4 Kelly and lost since we've been at 1/2 Kelly so LDO 1e-12 Kelly max bet will produce unlimited profits LOL :-P
The smaller the max bet, the more reliable the profits will converge on predicted value due to less variance - with the assumption that the total amount wagered remains unchanged. Of course, the total amount wagered would likely be less with a lower max profit so that assumption is likely false It a matter of variance tolerance and how much vaiance the bankroll and investors can support. We are seeing a lot of divestments now with big bids in. Is that fair to investors who stay invested, especially those who invest & forget and not happen to be online when whales come on?
Yes, it is fair because the rules didn't change mid game. Investors know what variance and expected value is, and they should only be investing what they are comfortable with or take action when site action moves in a direction they are not comfortable with.
I guess we have different definitions of "fair" - to me it means I get exactly what I agreed to.