Quote:
Originally Posted by rjp
Never heard of AMPL--checking it out now. Once I get this done then I have to tackle the issue of betting simultaneous correlated bets that are not parlay-able. 
Any idea if any published work covers this topic? |
The methodology for determining an optimal solution with calculus with one or more bets constrained to zero is no different than in the general case.
Check out footnote 2 of
Kelly Part II.