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MJ: Kelly Question for Don
> Yes. And the chance and the bankroll percentage always
> add to 100%. For example, if you want the chance of
> losing, say, 30% of your bank at any time, it's 70%.
Don, you wrote above that when you bet full-kelly, then the percentage chance and BR percentage always add up to 100%. So there is a 10% chance of losing 90% of your BR if betting at full-kelly. Similarly, there should be a 1% chance of losing 99% of your BR if betting full-kelly.
NOW, if there is only a 1% chance of losing 99% of your BR, then how can there be a 13.5% chance of losing 100% of your BR? If the relationship you described at the top is correct, then losing 100% of your BR is impossible. What am I missing here? Thanks.
MJ
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