News for hackers. Stuff that matters.
Re:A $10k poker win changed how I think by User23 on Tuesday September 07, 2021 @12:29AM (#28440940)
The Kelly criterion[1] is a good starting point. When it was run as an experiment, a game with a .6 player edge had 28% of players go bust.

[1] https://en.m.wikipedia.org/wiki/Kelly_criterion

Re:A $10k poker win changed how I think by willhinsa on Tuesday September 07, 2021 @04:41AM (#28442460)
And just to add:

> If the bettors had followed the Kelly bet, 94% of the participants would have been expected to reached the cap [of $250 after starting from $25]