3 ms·
> If you bet more than that in the long run you will go broke. The optimal bet is not the same as the critical bet separating the positive growth and negative
by kgwgk 7y ago
> If you bet more than that in the long run you will go broke.
The optimal bet is not the same as the critical bet separating the positive growth and negative growth regions.
- yellowstuff 7y agoYou're correct. Betting more than double the Kelly amount results in negative expected growth: https://wizardofodds.com/gambling/kelly-criterion/ https://wizardofodds.com/gambling/kelly-criterion/