8 ms·
The thing about Kelly is that it assumes risk of ruin is zero because you never bet your entire bankroll. It assumes you can always bet a fraction of a fractio
by cochne 3y ago
The thing about Kelly is that it assumes risk of ruin is zero because you never bet your entire bankroll. It assumes you can always bet a fraction of a fraction of what you have remaining.
- cubefox 3y agoSure, but you can get arbitrarily close to zero over time.