How does CVCX determine the minimum bet when the user defines bankroll, bet spread, and kelly factor (assume minimum chip size is set to $1)? I would really like to know. Is there some sort of formula?
I understand that optimal bet = (EV/Var) * bankroll * kelly. This explains how the bets are calculated when there is an advantage but what about when there is no advantage?
Thanks,
MJ
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