I am trying to figure out what my max bet should be according to my bankroll. In his book, Eliot Jacobsen suggests a formulae that I don’t quite get....bring no good at math.
He says Maximum bet = bankroll / (expectation x lifetime hands)
Since I am over 70, assuming I have 5 years ahead at 300 hours per year, should my lifetime hands be 1500 hours. 1500 hours at say 100 an hour would be 150,000.
Assuming I have a bankroll of $50,000. Should my max bet be
Max bet = 50,000/0.61 x 150,000 or ?
What am I doing wrong? What should my max bet be, given a BR of $50,000 given a game with a -0.56 ot -0.61 expectation be if I was to play 150,000 hands?
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