Quote:
Originally Posted by Mihkel05
I'm going to kill myself when I bust my bankroll and have to get a job. (I'm not really willing to have children and sell them as child slaves to fund another .3% on my bets.) So in my case money on gambling sites = kelly BR.
I'm the same way and this is actually how I do it too. Is there a precise way you determine when to cashout other than not keeping more on the sites than you feel comfortable with?
My point is if half your money is on sites, it is like you are really betting 1/4 Kelly. It's is obv much easier to bet 1/2 Kelly with 100k bankroll and 1 mil nw than it is with 100k bankroll which is all the money you have. Just wondering if there is an optimum way to determine this. Maybe the fraction of Kelly doesn't matter so long as you are using Kelly.
Appreciate your posts here