30th July 2004, 04:49 PM
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Banned
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Join Date: Jan 1970
Posts: 759
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Well you saw me coming :wink:
Moe is sort of right there.
Kelly is about maximising growth. Finding the sweet spot in between risk and advantage. You will never go bust in THEORY. However, in sports you deal with uncertainties, i.e. you never know your exact advantage in a bet. This means it is possible to overbet, which in turn will cause you to lose all of your money.
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