4 ms·
>Fourth you must bet big Big blunder. Killing every profitable trade. You have to account for the fact that loosing hurts comparatively more than winning. Keyw
by beyondCritics 2y ago
>Fourth you must bet big
Big blunder. Killing every profitable trade. You have to account for the fact that loosing hurts comparatively more than winning. Keyword is "log optimal".
- lifeisstillgood 2y agoSo this is the Kelly criteria etc (https://en.m.wikipedia.org/wiki/Kelly_criterion https://en.m.wikipedia.org/wiki/Kelly_criterion). Yes I get it - but take the example on the page - 60% chance of a win and get back same bet size, I guess most people would be reluctant to bet 1/5 of their bankroll each time. Esp if you are not sure about the 60%. I think most people would see 1/5 as betting big. Is what I am saying. If you see it as betting small, maybe I would like to understand