[npc]

Listen to the Beet Man. What Miller says about Kelly is just plain wrong. I like an awful lot of what's in the book, and I applaud the author for tyring to instill a sense of conservatism in bankroll management into his readers, but he clearly just does not understand this particular topic.

I don't know anyone who bets "strict Kelly" since I don't see a whole lot of people making $1173.47 bets out there, and it's easy to misunderstand Kelly and hurt your bankroll badly, but it has been mathematically proven that if you *know* your winning percentage, Kelly betting is the best betting method for bankroll growth.

If Kelly isn't working, then either one doesn't understand it or one doesn't really know their edge on each bet. In sports betting it's VERY tough to know what your real edge is, and many, perhaps most, winning sports bettors overestimate it. But if you have a firm grasp on what you're doing, you can't expect to grow your bankroll faster by using a method other than Kelly.