While poker theory is a relatively new field, modern economic theory
has been around for decades. The question "How do I maximize my
long-term profits in risky ventures?" has been answered with finality. You can use this calculator to find out just how much you should buy in for in a heads-up game.
Why choose a Kelly strategy? For starters, it completely negates the
concept of risk-of-ruin. The Kelly involves fluidly moving up and down
between limits, as dictated by your bankroll. If you go on a tear, you
will move up in limits. If you run bad, you are able to drop down.
The math used in this calculator comes from this article.
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