Huge Value On THE TRIBE

[TomG]

See the problem with betting full Kelly is its volatility. Well, ladies and gentleman, I have the solution to that. Let me introduce the "Kelly Martingale." The martingale controls variance while the Kelly maximizes growth. For example, start by betting 1/8 Kelly. If win, continue to bet 1/8 Kelly. If you lose, place your next wager at 1/4 Kelly. If win, back to 1/8 Kelly. If you lose again, bet 1/2 Kelly. etc, etc. Robusto!

[MCS]

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"Kelly Martingale."

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Your system, brilliant in my opinion.

[MicroBob]

crap. I've lost my last 3 bets and according to Kelly-Martingale I think I have to bet 85% of my bankroll on tonight's game.

Go San Jose St!!!

[Thremp]

I love it. Line limits are typically more of worry with limited outs than over shooting your Kelly criterion for a good number of people.