theoracle101

6 ms·

1. 31.▲
   by theoracle101 11y ago

   How does this compare to grape ? Interested in mainly REST API's for things like mobile API
2. 32.▲
   by theoracle101 11y ago

   The optimal betting strategy would be to "invest" a fractional percentage of your bankroll. See the kelly criterion from above. Not doing so is suboptimal
3. 33.▲
   by theoracle101 11y ago

   "The original meaning is that a gambler who raises his bet to a fixed fraction of bankroll when he wins, but does not reduce it when he loses, will eventually go broke, even if he has a positive expected value on each bet." When y
4. 34.▲
   by theoracle101 11y ago

   "The original meaning is that a gambler who raises his bet to a fixed fraction of bankroll when he wins, but does not reduce it when he loses, will eventually go broke, even if he has a positive expected value on each bet." Yep, t
5. 35.▲
   by theoracle101 11y ago

   This is not true at all and a common fallacy. See the gamblers attrition problem (or double knockout options for this who want to see the only closed form solution). Essentially your wealth is path dependent. Though the expected value may b