14th November 2005, 08:45 PM
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Suspended.
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Quote:
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Originally Posted by jfc
I'm amazed that no one here has supplied the one and only correct solution.
The Kelly Criterion says Edge/Odds.
If you believe in the long-term consistency of the systems:
System A: Edge=5.6%
Stake = 1.47% (=5.6/3.8%)
System B: Edge=3.2%
Stake = 0.1975%
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Hi JFC, long time no see[?]
Oh boy. not the Kelly again. Edge = overlay. Must know what the [true]overlay is to use this very aggressive staking plan, True overlay in sports betting? How long is a piece of string?
Rather than anyone suffering this Kelly nonsense championed by someone who never uses it by his own omission [JFC], here is a forum thread on this rubbish before you get sucked in:-)
http://forums.ozmium.com.au/showthr...highlight=kelly |