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King Yao
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Posts count: 125
Topics count: 45
Apr 23, 2014, 2:40:16 AM
if the adv is huge, let's say 20% , var = 0.88 Bankroll x adv / var ---- is the formulae still good enough to cal the optimal bet size ??
suppose Br =1 M, 1/4 Kelly, bet size= 1 M x 20% x 1/0.88 x 1/4 = $56800 / hand ??
Posts count: 6559
Topics count: 72
Apr 23, 2014, 10:48:20 AM
If you're asking if the formula no longer applies if the edge is too great, there is no such stipulation.
Is a 20% edge with a variance less than 1 some hypothetical, or are you talking about an actual situation?
Don
Apr 23, 2014, 11:48:06 AM
thanks to Don, in case the 1st coming card from the shoe is recognized in baccarat, you get adv 20% if it is a 9.