The Kelly criterion explained - how to bet online using the Kelly criterion formula ~ A guide to online casino

28 June, 2015

The Kelly criterion explained - how to bet online using the Kelly criterion formula

On June 28, 2015 by GaRf in betting system, fortune formula, kelly betting system, kelly criterion, kelly criterion calculator, kelly formula, wizard of odds kelly criterion No comments

I'm not going to pretend that I understand this system quite well to be able to explain it better than what has been done on the internet already. So I will simply point your attention to the great article I found on the Wizard of Odds web site right here:

http://wizardofodds.com/gambling/kelly-criterion/

Other ressources:

Fortune’s Formula by William Poundstone.

Casino Gambling for the Winner

A good source on Kelly, especially as it pertains to blackjack, is Blackjack Attack by Don Schlesinger.

SBRForum.com has good material on Kelly, including the article "A Quantitative Introduction to the Kelly Criterion", part I and part II, and a Kelly calculator.

The Kelly Criterion at Wikipedia.

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28 June, 2015