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A comment on The Kelly criterion: How to size bets (2019). Parent comment

Re:The Kelly criterion: How to size bets (2019) by thehappypm on Tuesday February 08, 2022 @09:00PM (#30267703)
Yep just bet a dollar every time. Over enough presses you’ll see the law of large numbers guarantee you getting something that looks like exponential growth.
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Re:The Kelly criterion: How to size bets (2019) by istjohn on Tuesday February 08, 2022 @09:07PM (#30267751)
If you bet a dollar every time, you'll average $0.60 of growth every click no matter how much money you accumulate. That is linear growth, not exponential.
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Re:The Kelly criterion: How to size bets (2019) by thehappypm on Tuesday February 08, 2022 @10:18PM (#30268333)
That’s right. If you bet 10% every time you’d get exponential growth.
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