Kelly Criterion Betting System
ContentFree Bets & OffersMartingale StrategyReal World Example Using Profit RecallThree Disadvantages With The Kelly Criterion
I’m not sure I really agree with the entire concept of “going bust” in these terms. To nit pick, you don’t go bust if you lose 99.97% of your money. It’s counter intuitive because most people don’t really think about the implications that you’re betting a fraction of your wealth and your wealth at each timestep is a compounded function of the previous timesteps. […]