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Kelly Ratio
I just came across a web application that enhance the Kelly Criterion so it is suitable for the investor community.The web application fixed two problems:1. Assumption that the possible outcomes are either WIN or LOSE.2. Assumption that 100% of the wager is lost when the outcome is unfavorable. http://www.cisiova.com/betsizing.asp
Last edited by dodozf on January 21st, 2007, 11:00 pm, edited 1 time in total.