Opinions of BJA members only forum and videos

[PitBoss321]

A person makes a higher income by betting their maximum bet in every count where they have the edge. Using a ramp decreases their win-rate. The point of a ramp is risk management. But if you are going for sheer profit as an upper limit on what's attainable, nothing beats max bet every time you have the edge.

No offense, but you can't be serious, can you? I thought it would be common knowledge that the Kelly Criterion is the EV maximizing strategy.

[Freightman]

No offense, but you can't be serious, can you? I thought it would be common knowledge that the Kelly Criterion is the EV maximizing strategy.

Kelly Criterion is optimal, which is different from maximum. Since it’s so logical in its approach, it allows one to sim on the fly.

Where do you do your pitbossing?

[Freightman]

No offense, but you can't be serious, can you? I thought it would be common knowledge that the Kelly Criterion is the EV maximizing strategy.

Further, there’s an excellent argument that Risk Averse indices, used properly, will provide better results than EV maximizing indexes, or reduce negative variance at users discretion.

[Norm]

No offense, but you can't be serious, can you? I thought it would be common knowledge that the Kelly Criterion is the EV maximizing strategy.

Kelly Criterion is the win rate maximizing strategy, not EV maximizing. OTOH, this is not necessarily relevant with a very large bankroll.

[beating vegas]

No offense, but you can't be serious, can you? I thought it would be common knowledge that the Kelly Criterion is the EV maximizing strategy.

What casino do you work for ? We can make a good deal. The casino don’t care about you.
But I like to help people with an envelope. No one is cheating. Just don’t make any calls to sureveillance. I’m not doing anything illegal but you deserve a tip. Nothing wrong with a tip.

Just a joke people. I would never pay employees at a casino for anything.

[Ping]

Hi. Is anyone kind enough to enlighten me what BJA is?

Thanks

[umbrellaman]

Hi. Is anyone kind enough to enlighten me what BJA is?

Thanks

https://www.blackjackapprenticeship.com

[DSchles]

or reduce negative variance at users discretion.

You can't reduce variance on just one side! If you keep bet sizes the same as when you used e.v.-maximizing indices, thereby forgoing larger profits, r-a indices reduce TOTAL variance -- not just negative variance.

Don

[Freightman]

You can't reduce variance on just one side! If you keep bet sizes the same as when you used e.v.-maximizing indices, thereby forgoing larger profits, r-a indices reduce TOTAL variance -- not just negative variance.

Don

Interesting semantic point taken. Regardless, for the masses, the point is reduced variance

[Norm]

Actually, an important point. (Doesn't work like a diode. But, if you could obtain negative variance, standard deviation would be imaginary.)

[DSchles]

Actually, an important point. (Doesn't work like a diode. But, if you could obtain negative variance, standard deviation would be imaginary.)

That's a funny observation. New term: i(s.d.)

Don

[21forme]

That's a funny observation. New term: i(s.d.)

Don

If he's talking diodes, it would be j(s.d.) as i is used for current.

[Gramazeka]

You can't reduce variance on just one side! If you keep bet sizes the same as when you used e.v.-maximizing indices, thereby forgoing larger profits, r-a indices reduce TOTAL variance -- not just negative variance.

Don

Read the old posts by Cacarullo. In his research, he found nothing outstanding in the use of RA indexes.