All the uses and complaints of Kelly have all ready been debated by Nobel prize winners etc. We make no contrabution to that.
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All the uses and complaints of Kelly have all ready been debated by Nobel prize winners etc. We make no contrabution to that.
Yes and what are the proven fact for ev? We have over staking which leads to knowing the true odds very accu.is one, also very zgood math, how about rational thinking but no lack of inspiration(...
These Kelly fears on error are what kelly is; read the paper he wrote not the applications, the error by way of a disrupted line.of communications is what it is all about. He uses horse...
why would a sports book want you to successed? No, "money management" is a broke losser's rationalizing. You only need to afford it these accounting systems are for makilng short term gains as in...
Well the Archie story is a moralize bookmaker's ,attempt at his own interests. Read someone of the name David Sklansky in the book " getting the best of it" , there is no kind of mangement that can...
The use of a computer,programing and syndicates.
Bankrolling is a middleclass moral and from the indusrial empires of the.past so as to allow gambling because it is fordidden by Ford and Rockefeller etc.
Few if any big time gamblers have bankrolls,
Remember Kelly is communcations theory not gambling he uses a gambling wire as a means to explain his idea. It is the great Ed Thorp who used it to make many a 100 million even nearly beating the...
Also, look up one Blarney Curley and how he operates, with Haralabos Voulgaris who started by betting much more then 5% and now is living in a mansion in the LA hills.
Look in the life of the gambler Alan Woods, he made over 800,000,000 dollars wagering on horse racesr
Although the above is partly true, do not believe that these simple ideas of moral management will lead to success. These flat betting small % wagerers think they are safe but their risk of ruin is...
One or two basics have proof: 1) the percentage play profits,of 52% has to be as spread out as possible, that % on a maximum of wagers ; also that even money bets are the hardest to profit at and...