http://en.wikipedia.org/wiki/John_Larry_Kelly,_Jr.
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Type: Posts; User: gui_m_p Search by Threads Advanced Search View New Posts
http://en.wikipedia.org/wiki/John_Larry_Kelly,_Jr.
HeeeHAWWW math is woth noting. I think you shouldn't bet beyond 2% of your bankroll. If your bets are actually +ev, it will almost eraze chances to go broke.
Your money management is fine. If your taking +EV bets the majority of time, chances to broke are low. I do something quite similar.
Regarding using Kelly when you have many bets on a single day,...