in particular, it can be shown that a Kelly college basketball predictions sports chat bettor has a 1/3 chance of halving a bankroll before doubling it, the Kelly fraction assumes an infinitely long sequence of wagers but in the long run we are all dead.
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introduction lly, 917-926 see below ) asked the college basketball predictions sports chat interesting question: how much of my bankroll should I stake on a bet if the odds are in my favor? 35, in free future predictions by date of birth in hindi his seminal paper A New Interpretation of Information Rate (Bell System Technical Journal,)
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Bell System Technical journal. Assuming that your criterion is the same as Kelly's criterion maximizing the long term growth rate of your fortune the answer Kelly gives is to stake the fraction of your gambling or investment bankroll which exactly equals your advantage. The form.
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