Posted by David D'Aquin on July 15, 1997 at 21:06:55: In Reply to: Re: This sounds like a great reason to use Kelly... posted by Bisser on July 15, 1997 at 18:08:48:Remember that it is asymptotic, forever approaching and never reaching. There is always one permutation of N which includes nothing but wins. This one perm is maximized betting 100% of the bank. What is happening is that of all possible permutations of N, the percentage of the permutations which will achieve a better result, when betting something other than Kelly, continues to become smaller with each bet that is made.