"Another get-rich-quick math scam—because gambling ‘formulas’ always work out, right?"
"Just what we need—more suckers over-betting their ‘edge’ into oblivion."


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...
