EddyFull
EddyFull
Joined: May 17, 2017
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May 17th, 2017 at 2:54:50 AM permalink
I'm AP player. I know that I need use Kelly criterion for effective play. But what is the formula if I have a loan like my BR?
sabre
sabre
Joined: Aug 16, 2010
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May 17th, 2017 at 9:48:34 AM permalink
All your base are belong to us.
Canyonero
Canyonero
Joined: Nov 19, 2012
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May 17th, 2017 at 10:14:01 AM permalink
Quote: EddyFull

I'm AP player. I know that I need use Kelly criterion for effective play. But what is the formula if I have a loan like my BR?



It changes nothing, betting Kelly will maximize your profit.

If, however, you mustn't end your session below your starting BR, because otherwise the loanshark will kill you, it is a different story. In this rare case, Martingale - starting with the lowest denomination possible - seems to be the correct strategy. Once you have turned a profit, you bet only the profit and let it ride until a Kelly approximation at the lowest denomination becomes feasible. If you go back to starting BR, start the Martingale again.

Opinions?
RS
RS
Joined: Feb 11, 2014
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May 17th, 2017 at 11:11:16 AM permalink
What are the terms on the loan?
"should of played 'Go Fish' today ya peasant" -typoontrav
Romes
Romes
Joined: Jul 22, 2014
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May 17th, 2017 at 11:13:46 AM permalink
Quote: RS

What are the terms on the loan?

Correct. To use Kelly you need to define an advantage/edge % in return.
Playing it correctly means you've already won.
EddyFull
EddyFull
Joined: May 17, 2017
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May 17th, 2017 at 11:41:09 PM permalink
Quote: RS

What are the terms on the loan?

10k loan on 2 month with 5250 payment every month
Dalex64
Dalex64
Joined: Feb 10, 2013
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May 18th, 2017 at 4:29:07 AM permalink
That is an interest rate of 39.784%

https://financialmentor.com/calculator/interest-rate-calculator
DeMango
DeMango
Joined: Feb 2, 2010
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May 18th, 2017 at 11:47:31 PM permalink
Quote: Dalex64

That is an interest rate of 39.784%

https://financialmentor.com/calculator/interest-rate-calculator



He BETTER be an AP player!
EddyFull
EddyFull
Joined: May 17, 2017
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May 19th, 2017 at 12:41:38 AM permalink
Quote: DeMango

He BETTER be an AP player!

what's wrong with it? can you give me a lowest interest rate?
OnceDear
OnceDear
Joined: Jun 1, 2014
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Thanks for this post from:
TropicalElectri
May 19th, 2017 at 12:50:46 AM permalink
Quote: EddyFull

what's wrong with it? can you give me a lowest interest rate?


Are you having a laugh?

What happens when you lose that money? You sure as hell won't be repaying the capital or the interest out of your winnings.
Embrace the Variance Good news: I was once at a lifetime Blackjack Profit of £18K Bad News: Gravity prevailed.

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