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Old 11-10-2007, 05:03 PM
npc npc is offline
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Join Date: Sep 2003
Location: Las Vegas, NV
Posts: 328
Default Re: First published use of Kelly Criterion in poker?

Who was the first to publish on using Kelly Criterion for poker risk of ruin?

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Who is the first to apply it to poker? That I don't know. The first to apply it to gambling was Thorp in the early 60s. Its application to poker came much later. The blackjack players and then sports bettors used it years before people tried to apply it to poker for reasons that should be readily apparent.

I'm looking for enough of a citation for me to buy/track down a copy.

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If you're looking for a citation on using Kelly to optimize bankroll growth in general, I'd use Thorp's 1962 "Beat the Dealer".


Is this the original Kelly paper?

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