[ View Thread ] [ Post Response ] [ Return to Index ] [ Read Prev Msg ] [ Read Next Msg ]

BGonline.org Forums

Mathematics of cube decisions relative to bankroll

Posted By: Johan Segers
Date: Thursday, 9 May 2013, at 7:46 p.m.

In Response To: Mathematics of cube decisions relative to bankroll (Rod)

Not exactly an answer to your question, but in the same spirit, is Kelly's criterion: If you face a series of bets, with probability p (larger than 1/2) of winning and probability q = 1-p of losing, then the optimal fraction of your capital to put at stake at each bet is equal to f = p - q. This rule was described in the context of blackjack by no other than E. Thorp. See http://en.wikipedia.org/wiki/Kelly_criterion

Messages In This Thread

 

Post Response

Your Name:
Your E-Mail Address:
Subject:
Message:

If necessary, enter your password below:

Password:

 

 

[ View Thread ] [ Post Response ] [ Return to Index ] [ Read Prev Msg ] [ Read Next Msg ]

BGonline.org Forums is maintained by Stick with WebBBS 5.12.