Don, when you said

> ... chances are also that, if
> you've lost, say, 25% of your bankroll, you
> may decide to continue to play for your
> original stakes rather than downsize by 25%,
> preferring instead to wait until further
> losses may deplete your bankroll to, say,
> half of its original size.

does that just mean that if you start your bet level at half-kelly (or less), you can safely continue that bet level until 50% depletion?