The Kelly Criterion Formula And Betting Explained
ContentBankrolls After 250 BetsThe Kelly Bet Formula Lets Start With The Formula Itself Before We Dive Into Using It The Original Formula Goes Like This:Kelly Strategy Limitations And AdvantagesThe Answer: Kelly Criterion
A friend of mine recently forwarded an article by Kyle Mowery of GrizzlyRock Capital where he discusses the Kelly Criterion and how his fund implements it for position sizing. First off, I’ll say kudos to GrizzyRock Capital for a thoughtful approach to position sizing. I’ve written numerous times about the benefits and deficiencies of the Kelly Criterion and Mr. […]