Kelly formula is just for gamblers

Discussion in 'Trading' started by ronblack, Jul 11, 2007.

  1. Mr J

    Mr J

    Which you won't if you're making straight bets. An increasing sample size can narrow the likely range that your edge will fall within, and the market can be useful in gauging the size of your edge, but the fact is in most cases all you are doing is making a guess.
     
    #31     Jul 17, 2008