I wanna challenge on FT

[skreemer7]

Alright, I've finally broken and opened a FT account, and what a better way to start this than by giving the old gigabet challenge a go. Anyone have a suggestion for a reasonable format for my challenge? Structuring it like the old challenge seems like doom. Thanks.

[DevinLake]

you could try something related to k-rag's post on the Kelly formula. Although you would have to guess your ROI.

[skreemer7]

Never heard of the Kelly formula. Do you know of a comprehensive source of info on this?

[citanul]

skreemer,

i dno, google usually has good answers for stuff like this. i think it's usually called kelly criterion though.

look for k-rag's post to learn a bit, and look on google.

[k-rag]

i need to do the formulas in the post since i screwed them up. will do that in a minute.

anyway, skreemer, i am doing a gigabet challenge right now with 20-buyins going 100 games at each of 11s, 22s, 33s, 44s, 71s, 109s. this is to get a very very rough idea of rois through the upper levels. pm me if you want details. i am at the 33s right now.

at 10% itm, 44% roi, full kelly is like 14-15 buy-ins so a 20-buy in gigabet challenge is pretty aggressive. if the ROI drops to like 7-5% you'll likely go busto, or (more likely) in "hover" move floating up and down levels.

[skreemer7]

How does this work if I want to multitable these? If I play a round of 15 and go busto in 4 right away, wouldn't that change the buyin of my next investment (i.e. the rest of the 10 tables that I have already started)?