Kelly Criterion For Sport Betting

Re:Kelly Criterion For Sport Betting by VB6_Foreverr on Sunday May 01, 2011 @06:48PM (#2504287)

The best strategy for this is to only do it for a limited period at large stakes so that your actual outcome is more likely to deviate from the expected outcome

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Re:Kelly Criterion For Sport Betting by khafra on Monday May 02, 2011 @12:59PM (#2506923)

I don't think you can get around the nightingale-ish expected value of this strategy, no matter how you adjust the stakes and number of bets.

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Re:Kelly Criterion For Sport Betting by VB6_Foreverr on Monday May 02, 2011 @03:58PM (#2507577)

If the true odds are greater than 50% then you are more likely to win the bet than to lose it. So even if the odds given imply true odds far greater than 50% (ie poor odds) then you will still probably win money if you bet just 1 bet.

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