Forgive my ignorance but will kelly betting work with underdogs? I think the answer is yes but everytime I calculate a kelly bet with an underdog I come out with a negative number.
0
To remove first post, remove entire topic.
Forgive my ignorance but will kelly betting work with underdogs? I think the answer is yes but everytime I calculate a kelly bet with an underdog I come out with a negative number.
Kelly is a bit aggressive for most people... quarter Kelly or half Kelly is a bit better suited for long term results. But yes, overall, Kelly is the best money management system if you're good at finding edges.
0
Kelly is a bit aggressive for most people... quarter Kelly or half Kelly is a bit better suited for long term results. But yes, overall, Kelly is the best money management system if you're good at finding edges.