Quote:
|
Originally Posted by Dark Horse
Err.... 
Interested, but is there a way to say this in plain English?  |
I'm sure there is ... I just can't think of anything right now.
Basically, I'm saying that if you're looking at a bunch of ucnorrelated bets where all the single-bet Kelly stakes would be the same, then the simultaneous bet Kelly stake will be a collection of single bets and parlays where the weightings are the same for any two parlays of the same size. The summation above represents the simultaneous n-bet Kelly weighting (call it K
nm) for all parlays of size m.
The linked spreadsheet might shed some light.