[ryanj247]

[ QUOTE ]

If you cannot drop down in stakes, at some point you might be well-advised to stop playing. The cardinal sin of the Kelly criterion is to overbet you bankroll. Betting twice kelly (ROR=1/e) or more leads to negative bankroll growth.


[/ QUOTE ]

i need to do some reading on the kelly stuff. but there's one thing that's hard for me to grasp about RoR as it applies to poker:

suppose i run the calculation given my WR and SD and find that a 250BB BR = 1% RoR. well, when i only have 25BB on the table and i'm betting in increments of 1BB, my RoR is 0%. if i lose all those chips, then my BR is now smaller and my RoR is higher when i start my next session.

so when you talk about "betting twice kelly or more", how does that really apply to poker, when in poker we're not really "betting" much at all (relative to BR)?