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Kelly Criterion insurance

The correct proportion of the Online Blackjack Games to insure for these Kelly bettors is where p and f are as f described in the previous paragraph. As an example, suppose a player had bet \$100, which was f = .05 = 5% of his then current bankroll of \$2,000. After he turns over his Online Blackjack Games and sees the dealer's ace he might realize there ire 8 tens left out of 25 cards, so p = 8/25 = .32. The formula gives x = 3(.32)+ *9051 '96 .05 .96-.80=.16. so he should insure 16% of his bet, that is buy \$8 worth of insurance.

If it's a choice betien insuring all or nothing, as Jay faced, insurance should be taken if p is greater than 1-_log (l+f ) log (1+3f / 2) i can even imagine an intemperate gambler who foolishly bets all of his fortune (f=1) on a hand of Online Blackjack Games. Then, so frightened is he by the realization of what he has done, he repents and is converted to Kelly proportional betting just before he picks up his cards: `Lord, we won't do it again, i'll always try to maximize my expected logarithm from now on, if you'll only let me win this one hand.' Assuming that the god of tinty-one is impressed by this sniveling appeal, he'll give the wretched gambler a Online Blackjack Games. But then the devil steps in to test our man's new found faith - he gives the dealer an ace as up card!

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Draw Poker and Lowball Require a Smaller Ratio of Big Bet to Bankroll Size

This is because there are only two betting rounds and because the games offer more complete information than flop and stud games. The more information, the lesser role played by luck and the greater the role played by skill. Fewer bets per pot lead to a smaller variance.