Kelly Criterion For Sport Betting

Re:Kelly Criterion For Sport Betting by btilly on Monday May 02, 2011 @02:13AM (#2505375)

If anyone wants more detail on the Kelly Criterion, I wrote up an explanation at http://elem.com/~btilly/kelly_criterion/ along with a calculator that can do things like estimate where you will be after a certain number of bets at various percentiles.

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Re:Kelly Criterion For Sport Betting by ssp on Monday May 02, 2011 @04:13AM (#2505587)

Interesting, thanks.

I think there is a typo in the formula that follows "In this case our random variable is log(X). So we get:". On the third line, an n is missing after E(log(X)).

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Re:Kelly Criterion For Sport Betting by btilly on Monday May 02, 2011 @04:48AM (#2505630)

You're right. I'll fix later.

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Re:Kelly Criterion For Sport Betting by Nick_C on Monday May 02, 2011 @03:42AM (#2505545)

Looks good, but are all the $ signs around the variable names intentional? Makes it hard to read imo.

[edit] Actually, it looks like a borked latex doc, perhaps?

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Re:Kelly Criterion For Sport Betting by btilly on Monday May 02, 2011 @04:02AM (#2505570)

Do you have JavaScript turned off? I'm using JSMath, which should translate all of that to nice looking formulas. It works for me on Firefox and Chrome.

If not, you can just treat it as borked LaTeX, because that is what it is.

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Re:Kelly Criterion For Sport Betting by Nick_C on Monday May 02, 2011 @04:24AM (#2505596)

JS was turned off. Thanks.

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