Thread: Kelly Criterion
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Old 11-05-2018, 07:35 PM   #4
mick
Abiding Student
 
Join Date: May 2016
Posts: 711
Quote:
Originally Posted by noddub62 View Post
Interesting read I thought.

Budman
Thank you, Budman. I'm glad you found it interesting. My friend Richard D (rdiam) says it should be a "fractional" Kelly and with an MBA from Wharton, he's a lot smarter than me.
I've tried to make odds lines, wasn't any good at it, and through trial and error, backed into a percentage that worked for me. But I was only betting in the tote odds range of 5-2 to 5-1, knew my hit rate and that's why I suggested using your own win percentage instead.

The Kelly Criterion isn't part of the Sartin Orthodoxy but it is useful in scaling up or down your bet size as your bankroll grows and sinks.
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mick

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Last edited by mick; 11-05-2018 at 07:37 PM.
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