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I agree, and I think on this case it would recommend betting a negative value and taking the other side of the bet, since the expected value is negative. Quoti
by kaues 7y ago
I agree, and I think on this case it would recommend betting a negative value and taking the other side of the bet, since the expected value is negative.
Quoting from https://en.wikipedia.org/wiki/Kelly_criterion https://en.wikipedia.org/wiki/Kelly_criterion: "If the edge is negative (b<q/p) the formula gives a negative result, indicating that the gambler should take the other side of the bet."