Tweet
People who can't wait for my interpretation of the Kelly criterion and who are fairly literate mathematically can look at the following 2 articles. The first one, the original article by JL Kelly Jr is fairly unreadable. It can be found at
//www.bjmath.com/bjmath/kelly/kelly.pdf
The second by Edward Thorp is not as bad.
//www.bjmath.com/bjmath/thorp/paper.htm
There are lots of other articles on Kelly at the bjmath site - Blackjack people love this stuff.
//www.bjmath.com/bjmath/kelly/kelly.pdf
The second by Edward Thorp is not as bad.
//www.bjmath.com/bjmath/thorp/paper.htm
There are lots of other articles on Kelly at the bjmath site - Blackjack people love this stuff.