Archive for November, 2014

  • How to determine the optimal Kelly fraction
    As we have discussed previously, the Kelly criterion is mathematically the optimal method of money management when betting. It takes into consideration the probability, and the odds in working out what percentage of your bank one should bet. The higher the overlay (advantage that you have over the bookmaker) and the shorter the odds, the larger the bet size. Whilst the...
    by at November 10th, 2014 at 10:11 am