Wish you could know exactly how much to bet to maximise potential returns? The Kelly Criterion strategy can be just the ticket for you. No need to worry about complex mathematics – just use our Kelly ...

The Kelly Criterion is a strategy for correctly using information and bias in gambling. Data scientist John Mount explains the Kelly Criterion, which was proposed by John Larry Kelly Jr., a researcher ...

Beating that threshold takes discipline, math, and a willingness to treat betting as a numbers game rather than a hobby.

To demonstrate this power visually, consider the following graphs where two bettors pursue different investment methods while picking the exact same sides of games. Each bettor starts with $100 and ...

Much of the following section will likely be familiar territory to readers who have spent time in private equity or as a part of a hedge fund, as the principals of optimal investment and growth are ...

A reader recently asked about the Kelly Criterion and how it might apply to my options trading ideas. I think the topic deserves a longer discussion than my email response. The Kelly Criterion was ...

Beneath the varnish of flashing lights and free cocktails, casinos stand on a bedrock of mathematics, engineered to slowly bleed their patrons of cash. For years mathematically inclined minds have ...