will u adjust it every day ?
someone introduce half kelly can lower risk
but 1 kelly suppose u can grow capital in fastest rate
what s the meaning of half kelly actually ?
just u have take half bankroll into your pocket ?
Kelly is ok if you are a recreational player with an easily replenished bankroll. If your bankroll is not easily replenished, then the RoR is too great with full Kelly. Most players that play for a living use fractional Kelly, keeping the RoR minimal. I personally, play a fraction of Kelly. As far as adjusting, most players adjust only after fairly significant loss/gain to bankroll.
The good thing about playing fractional Kelly is that your growth rate, while reduced, is not reduced proportionately. If you are playing 1/2 Kelly for example, it doesn't mean that your growth rate is 1/2 full Kelly.
but isnt it supposed
play by 1 kelly will never ruin if u always adjust the bankroll and play by one kelly??
Real World considerations with adjusting full Kelly daily or frequently.
1. Table limits do not go up and down gradually
2. Chip Denominations do not go up and down gradually
3. Below a certain amount your non-zero bankroll is useless due to limits and other considerations.
4. Expenses and profit taking raise your level of risk beyond that which full-Kelly would otherwise indicate.
If your bankroll is replaceable (growth phase) you should pick a unit that matches available table limits and is somewhere around 80% of Kelly and stick to that until you grow your bankroll a bit more and reinvest everything...then gradually reduce your Kelly Fraction to half-Kelly, third-Kelly, and Quarter-Kelly as your bankroll becomes irreplaceable. (i.e., increase your unit sizes at a slower rate than your bankroll increases). Any increase in unit size should be tied to a plan to move to the next higher possible table limits.
If your bankroll is already so large that it would be almost impossible to replace then playing to full-Kelly is a big mistake IMHO.
