So Am I A NIt?

[derick]

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A. How much do you think I would REALLY bet as a percentage of my bankroll?


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You will bet full Kelly.

For example if you have a 40% edge you bet 40% of your bankroll.

You won't bet much less than half Kelly in any event.


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B. What proportion of all 100K to 10 Mil Americans would bet a higher proportion of their bankroll (lets also elimate those with pressing expenses)?

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I don't know about Americans but for Canadians my guess is 5% will bet much more than full Kelly.

15% will be around Kelly to half Kelly.

Anyone who bets much less than half Kelly is a nit... My guess 80% of the population is probably a nit.

The above stats are just made up guesses...