The Kelly Criteron in Blackjack, Sports Betting and the Stock Market
I’ve been reviewing some papers and math regarding the use of the Kelly Criterion in gambling, and found this link to Ed Thorp’s paper on the subject. It’s in PDF format, but looks very interesting.
[tags]Gambling,Mathematics,Information Theory[/tags]
I suspect the world would be better if that percentage were even greater.
Apparently 15% of all web traffic is cat related. There's no reason for Brainwagon be any different.
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Congrats, glad to hear all is well.