Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

So this is the Kelly criteria etc (https://en.m.wikipedia.org/wiki/Kelly_criterion).

Yes I get it - but take the example on the page - 60% chance of a win and get back same bet size, I guess most people would be reluctant to bet 1/5 of their bankroll each time.

Esp if you are not sure about the 60%.

I think most people would see 1/5 as betting big. Is what I am saying.

If you see it as betting small, maybe I would like to understand



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: