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Ganchrow...thanks for the writeup....great stuff.
The thing i'm not following you on is "expected growth". It doesnt make sense ... expected *value* is how your bankroll will truly grow in the long run.
I know what you're saying, in that the shape of the bell curve will not be even/symmetrical, but how can that be represented by one number?
The example you gave in your Rx thread, whereby raising your bet to 25% of bankroll, your expected growth rate then becomes negative, defies common sense. The only thing that changes is your volatility, but your long term bankroll will grow.
Not trying to flame you here, just trying to understand. Thanks
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