Kelly criteria does it work?

Forum: Systems & Strategies
Author: [Systems & Strategies] Topic: Kelly criteria does it work?
Stake24 PM Stake24
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Posted: 4/7/2012 8:32:47 PM
In my opinion Kelly should work but I think the harder thing is finding an edge and being correct. Does anyone here use this?
zcecil PM zcecil
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Posted: 4/7/2012 9:06:18 PM
This guy was supposedly using it:
http://www.covers.com/postingforum/POST01/showmessage.aspx?spt=79&sub=100888798&page=1

but as you can see some more respected cappers on here kinda told him he didn't know what he was doing but he ended with a nice record.
Stake24 PM Stake24
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Posted: 4/7/2012 9:49:17 PM
QUOTE Originally Posted by zcecil:

This guy was supposedly using it:
http://www.covers.com/postingforum/POST01/showmessage.aspx?spt=79&sub=100888798&page=1

but as you can see some more respected cappers on here kinda told him he didn't know what he was doing but he ended with a nice record.


This guy was clueless that is not how Kelly works.
zcecil PM zcecil
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Posted: 4/7/2012 9:53:03 PM
Ya I'm not too familiar with it but I just remember this thread dominating the first page here for a long time. The consensus the I've gathered from here and other places is that Kelly is too aggressive and it's better at a half or quarter pace, instead.
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