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That’s not true at all. If you bet 100% of your bankroll then yes. But you’re not factoring in that you calculate what percentage of your bankroll to bet given
by nemo44x 9y ago
That’s not true at all. If you bet 100% of your bankroll then yes. But you’re not factoring in that you calculate what percentage of your bankroll to bet given certain odds.
If given 51% odds every time you will win considering you manage your bankroll well.
This is well known as “Kelly Criterion”
- gerard 9y agoThis also requires some assumptions: That there is no minimum stake and stakes are infinitely divisible. They're important assumptions because finding yourself near zero can easily happen on "full Kelly", especially if it's not a game of perfect information.