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.