Re: Math: Need help regarding the Kelly criterion
Thanks for all the work you have done, jason1990, but the math is too complicated for me. So I wondered if you could show how a neanderthal like me should go about calculating how big my bankroll has to be to play a certain buy-in by doing it for this example:
Buy-in: $50+2,50
Winrate: 58%
I take $1 out of my bankroll per STT regardless of how big my bankroll is.
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