I decided to spend/waste some more time on running simulations. In my opinion, to compare a flat bet % with Kelly, one has to control for bet size (as % of bankroll). Otherwise, comparisons are...
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Type: Posts; User: thom321 Search by Threads Advanced Search View New Posts
I decided to spend/waste some more time on running simulations. In my opinion, to compare a flat bet % with Kelly, one has to control for bet size (as % of bankroll). Otherwise, comparisons are...
Monkey,
I was going to ask but you partially beat me to it. Rather than starting with a higher bankroll, which might lead to an Excel overflow error on large simulations (that might happen anyway),...
Not sure if this will settle anything or add more fuel to the fire.
Since Monkey made it very easy to run multiple simulations, I decided to add some additional output variables and run batches...
In the version I attached, I store the data in arrays and write the arrays to the worksheet when the simulation is done, rather than write the data to the worksheet as the simulation is running. I...
Great stuff. The big take away for me is that it is extremely easy to confuse variance (randomness) with actual edge, which becomes apparent when running this on a large number of plays.
Monkey, I...