Posted by David D'Aquin on July 11, 1997 at 15:31:15: In Reply to: What is the Kelly's theorem? [see Part I] posted by Bisser on July 11, 1997 at 14:19:12:This would go on forever. But basically, in any positive expectation game there exists an optimal fraction of bankroll, which if wagered on every bet, will maximize the expected log growth of your bankroll. In blackjack that fraction can be approximated by ev / variance. You should go green if you want to know more, as there is more about this on the theory page than you'll ever wish to read.
- Re: What is the Kelly's theorem? Bisser 16:08:40 7/11/97 (24)
- Reasons for Kelly Grimy Fellow 09:16:26 7/12/97 (23)
- Re: Reasons for Kelly Bisser 12:30:09 7/13/97 (22)
- Re: Reasons for Kelly Grimy Fellow 07:53:29 7/15/97 (2)
- Re: Reasons for Kelly Bisser 12:31:25 7/15/97 (1)
- Re: Reasons for Kelly Pete Moss 13:39:57 7/15/97 (0)
- Re: Reasons for Kelly David D'Aquin 16:46:39 7/13/97 (18)
- Re: Reasons for Kelly Bisser 11:17:26 7/14/97 (17)
- Re: Reasons for Kelly Pete Moss 17:10:05 7/14/97 (16)
- Isn't log($) arbitrary? Thicko 04:02:09 7/15/97 (13)
- Re: Isn't log($) arbitrary? Pete Moss 13:24:50 7/15/97 (1)
- P.s. (Re: Isn't log($) arbitrary?) Pete Moss 13:27:33 7/15/97 (0)
- Re: This is the million dollar question! Bisser 12:22:53 7/15/97 (10)
- Re: This is the million dollar question! David D'Aquin 17:48:55 7/15/97 (2)
- Re: This sounds like a great reason to use Kelly... Bisser 18:08:48 7/15/97 (1)
- Re: This sounds like a great reason to use Kelly... David D'Aquin 21:06:55 7/15/97 (0)
- Re: This is the million dollar question! Pete Moss 13:32:04 7/15/97 (6)
- Re: This is the million dollar question! Bisser 17:00:45 7/15/97 (5)
- Re: This is the million dollar question! Pete Moss 19:23:43 7/15/97 (4)
- Re: E(log G) or E(G) Bisser 20:20:09 7/15/97 (3)
- Re: Reasons for Kelly Bisser 20:06:48 7/14/97 (1)
- Re: "bet" or "bad" Bisser 20:58:47 7/14/97 (0)