a (money management) strategy that sets the wager amount for optimal bankroll growth. Under Kelly Betting, the bet size is chosen based on the game's return and current bankroll size. For video poker, bet sizes are limited to certain common denominations. For that, and other reasons, strict Kelly Betting is not practical with video poker. On the other hand, Kelly Betting can be used to estimate the bankroll requirements for a given positive expectation game or playing situation with a fixed bet size. Kelly Betting does not elucidate the Risk of Ruin, however.
Gambling strategy that seeks to maximize the games return. Also know as Max-ER strategy, this is by far the most common gambling strategy. Other strategies might involve reducing risk (minimizing the variance), for example.
Short for "Missing In Action ", referring to a machine that can no longer be located, because it has has been either downgraded, removed, or moved to an unknown.
