Re: Am I using this ROR Formula Correctly?
It looks like a correct application of the formula.
One problem is that it is not clear what to do if you end up with, say, 0.2 units. If you count that as busting out, I think that has the effect of decreasing your starting amount by about half of a unit, so you should use a bankroll of about 49.5 units in the formula.
I'm not sure how accurate the formula is for this type of problem. It could be off by 10% of the result or more. I'll check that later.
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