The first time I encountered Kelly Criterion was when I was scouring books on trading. It got mentioned in one chapter in a book that happened to be a collecti

The first time I encountered Kelly Criterion was when I was scouring books on trading. It got mentioned in one chapter in a book that happened to be a collection of interviews of traders, out of about 30 books on trading that I had read. Bet sizing can be used for money management and risk control for professional traders.