A Mathematical Analysis Of The Card Game Of Betweenies Through Kelly’s Criterion
ContentMartingale Betting SystemProof That The Kelly Criterion Is Optimal?How To Determine The Probability Of The Outcome Of An EventIntelligent BettingWhat Does Kelly Criterion Mean For Me In Layman's Terms? If it throws up a negative number, then it is time to reconsider your bet or even place the opposite bet. The Kelly Criterion implies you should bet 6.25% of your bankroll on Lucky Punter. Using the Kelly Criterion, you can...