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So 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 th
by lifeisstillgood 2y ago
So 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