How does the Bankroll and Bankroll Adjust work?
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downtownWB
- Posts: 1
- Joined: Sat Jul 04, 2015 3:10 pm
How does the Bankroll and Bankroll Adjust work?
I've been using this software on and off for a while now and I need some more information. I'm an avid user of prolineplayer I have subscribed for quite a while now and I really want to expand on using this software. Please let me know what's up with the bankroll?
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ProlinePlayer
- Site Admin
- Posts: 2076
- Joined: Sun Mar 31, 2013 6:33 am
Re: How does the Bankroll and Bankroll Adjust work?
Sorry for the delay 
The two entries are meant to work together. The way I use it is to enter the amount of my actual bankroll in the first text box. The program will use this value with the Kelly Criterion to set the bet sizes. However, although Kelly as is does set the optimal bet most players prefer to use a somewhat more conservative approach such as half Kelly Bets for example. The adjusment should be entered in the Bankroll Adjust.
For example in the plays that I post the list is generated by the Parlay Maker using a Bankroll of $50,0000 (give or take a bit) and a Bankroll Adjust of 0.5. So I am effectively playing half Kelly betting.
Hope that helps,
PLP
The two entries are meant to work together. The way I use it is to enter the amount of my actual bankroll in the first text box. The program will use this value with the Kelly Criterion to set the bet sizes. However, although Kelly as is does set the optimal bet most players prefer to use a somewhat more conservative approach such as half Kelly Bets for example. The adjusment should be entered in the Bankroll Adjust.
For example in the plays that I post the list is generated by the Parlay Maker using a Bankroll of $50,0000 (give or take a bit) and a Bankroll Adjust of 0.5. So I am effectively playing half Kelly betting.
Hope that helps,
PLP