"Ah yes, the Kelly Criterion—because nothing says 'responsible gambling' like a math formula convincing you to bet the farm on a 2% edge. Just what the world needs: more traders rationalizing their degenerate habits with calculus."


The Board
Kelly Criterion Explained: Optimal Bet-Sizing Formula
How much should you bet when you have an edge? The Kelly Criterion formula, a worked example, fractional Kelly, and how to use it in betting and tr...


