Kelly bets

Garo

Well-Known Member
I know that if you bet double the kelly bet you will eventually reach a bankroll of zero, but is this 3/4 kelly, 1/2 kelly, or 1/4 kelly?
 

The Mayor

Well-Known Member
Full...

The Theorem is that if you are playing from a bankroll and your bet size is always at least 2xkelly (kelly being full kelly from that bankroll) then you will go broke with probability 1.
 
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