I look forward to the next article in the serie.
Quote:
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In mathematics these are known boundary conditions and they can often complicate problems immensely. Fortunately, in the case of single-bet Kelly, the solution is simple. Just bet the smaller of the Kelly stake, and the maximum bet.
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This is true when there is a max risk amount.
However, most A+ books use a max base amount.
In this case there is no fixed rule, but I think that when comparing bets with
equal edge you must bet the bigger of the Kelly stake for the maximum bet in order to minimize the expected bankroll growth.