the reliance on the Kelly criterion doesn't make any sense. the Kelly criterion is based on a game you can play over and over. it calculates an exponential ex

the reliance on the Kelly criterion doesn't make any sense. the Kelly criterion is based on a game you can play over and over. it calculates an exponential expected growth rate based on how much you're favored. favorable lotteries don't show up very often. if a favorable lottery that you could play existed every day, then the Kelly criterion makes sense (it sort of makes sense in its original context, the stock market).