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!