Oh, almost forgot about this:
2 player SnG, top 1 itm.
return on investment : 15.0%
kelly criterion : 15.79%
return on investment : 10.0%
kelly criterion : 10.33%
return on investment : 5.0%
kelly criterion : 5.22%
Cliffnotes on kelly criterion for those unfamilar:
The formula specifies the percentage of the current bankroll to be bet at each iteration of the game. In addition to maximizing the growth rate in the long run, the formula has the added benefit of having zero risk of ruin; the formula will never allow a loss of 100% of the bankroll on any bet. An assumption of the formula is that currency and bets are infinitely divisible, which is not a concern for practical purposes if the bankroll is large enough.
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