View RSS Feed

brh

  1. Partly agreeing with Blackjack Avenger Part 2:

    Quote Originally Posted by brh View Post
    Quote Originally Posted by brh View Post
    Thanks Gramazeka, I need these results for another thread:

    I am interested in the case where the Kelly bettor sets their goal at Infinity.

    1. Prob [Bank reaches "b", before loosing "a"](k) = [1-a^(1-2/k)]/[b^(1-2/k) - a^(1-2/k)]

    If lim b-> infinity (k<2),
    Prob [Inf,a](k) = [1-a^(1-2/k)]/[ 0 - a^(1-2/k) ]

    = - [1-a^(1-2/k)]/[ a^(1-2/k) ]

    = 1 - a^(2/k-1)
    ...
    Tags: kellyresizingror Add / Edit Tags
    Categories
    Uncategorized

About Blackjack: The Forum

BJTF is an advantage player site based on the principles of comity. That is, civil and considerate behavior for the mutual benefit of all involved. The goal of advantage play is the legal extraction of funds from gaming establishments by gaining a mathematic advantage and developing the skills required to use that advantage. To maximize our success, it is important to understand that we are all on the same side. Personal conflicts simply get in the way of our goals.