2 ms·
Yeah, the Kelly Criterion is a good thing to explore in situations like this. If there's (truly) positive EV, you still should only spend a certain percentage o
by tunesmith 8y ago
Yeah, the Kelly Criterion is a good thing to explore in situations like this. If there's (truly) positive EV, you still should only spend a certain percentage of your bankroll on the bet. And if the bet has high payoff and low odds, your bankroll likely has to be astronomical in order for the bet to be a good decision.