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ken: kelly fractional betting
I'm still struggling with Kelly fractional betting.
For a given game at full Kelly the SCORE is 50.
If I'm betting 75% Kelly, my ROR is 6.9% and my growth rate is
94%,based on DS formulas from the Parker pages.
Is my SCORE now:
50*75%*94%=35.25 ,or
50*94%=47 ,or
Am I completely off base?
Thank you
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Don Schlesinger: Re: kelly fractional betting
> I'm still struggling with Kelly fractional betting.
> For a given game at full Kelly the SCORE is 50.
> If I'm betting 75% Kelly, my ROR is 6.9% and my growth
> rate is
> 94%,based on DS formulas from the Parker pages.
> Is my SCORE now:
> 50*75%*94%=35.25 ,or
> 50*94%=47 ,or
> Am I completely off base?
> Thank you
You're completely off base. SCORE requires that you bet Kelly, otherwise it isn't a SCORE anymore. Hourly win rate is a different matter. If you bet 75% of Kelly, and you don't resize your wagers at any time, you will win 75% of what your full-Kelly win rate was.
Your ROR doesn't matter, because you aren't using it to size your bets; you're betting 75%, period.
Don
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ken: Re: kelly fractional betting
> You're completely off base. SCORE requires that you
> bet Kelly, otherwise it isn't a SCORE anymore. Hourly
> win rate is a different matter. If you bet 75% of
> Kelly, and you don't resize your wagers at any time,
> you will win 75% of what your full-Kelly win rate was.
> Your ROR doesn't matter, because you aren't using it
> to size your bets; you're betting 75%, period.
> Don
Don,
I,m taking 75% of the betting schedule from table 10,while
keeping the same 10k bankroll.My ROR should be 6.9%.Am I
correct? Thanks
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Don Schlesinger: Re: kelly fractional betting
> I'm taking 75% of the betting schedule from table
> 10, while keeping the same 10k bankroll. My ROR should be 6.9%.
>Am I correct?
Yes.
Don
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