15th November 2005, 07:40 PM
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Member
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Join Date: Jan 1970
Location: Yarra Valley
Posts: 241
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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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Crikey JFC...
that has to be the worst **************isation of the Kelly criterion I have seen in a looooooong time.
Anyone who stakes according to the above Math needs to seriously reconsider their life as a gambler.
Cheers,
Chris. |