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.