post on -EV hedging

[lotus guardian]

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Kelly is about maximizing your bankroll growth in the long run, not about maximizing your EV. If you bet your whole bankroll on +150 you will go broke eventually and that's not a very good bankroll growth rate.

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While perfectly true, your statement is about 5 levels below the current level of the discussion.

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That was a discussion? I thought the discussion was over the moment Ganchrow gave the right answer and I was just pointing how you were wrong because your examples didn't maximize bankroll growth.

Go suck at football. [img]/images/graemlins/grin.gif[/img]