Blastoise, the classical Kelly bankroll management rule states that, with a given bankroll, one should - at any given moment - play the games that maximise the parameter
2*bankroll*winrate-variance (or
bankroll*winrate-variance for more a cautious twice overrolled half-Kelly approach). See an example
here. Hence, even given that the winrate is reduced by the fees, the variance is sometimes reduced enough to enable moving up stakes earlier and thus faster longterm bankroll growth.
Note that it's derived for 'infinitesimal' samples and implies very agile movement both up and down stakes and even mixing 2-3 stakes online depending on the softness and positions relative to fish at particular tables. The longterm effect of swings on the winrate is indeed lower, but mind that if you're good enough you'll move up most likely too fast to generate meaningful samples and measure the winrates accurately at any single stake, and that's a great paradox of poker. Luck means much more than 2p2ers usually think
The rule applies only to professional players who have almost all their net worth invested into poker. If only a tiny part of your liferoll is in poker (that's why I stopped using InsuredPlay shortly) and/or you have another source of income, this insurance is less viable for you.
Quote:
Originally Posted by mephisto87
very bad news...
+1, sigh
Quote:
Originally Posted by mephisto87
when will you annouce then official ob your Homepage or per mail?
They sent emails this Thursday.
Quote:
Originally Posted by holygavr
Emre Kenci, do you publish the source code of your ipoker and party poker software?
That would be a good idea, however, as far as I understand, the code is totally unique and they don't want potential competitors to use it for free and then easily port it to Stars (I think only rewriting a HH parser, an easy job, would be needed for that)...
Last edited by coon74; 03-31-2013 at 06:54 AM.
Reason: Expanded BRM paragraphs