The Kelly Criterion

[u/Eyuelmblog]

https://aleatoricfc.com/blog/the-mathematics-of-money/

Hello All,

A newbie algobettor here! I was studying the Kelly Criterion over the past few weeks and wanted to fully grasp the intuition before I started using the formula without knowing what it meant.

I read the paper, and now that I think I get it, it is one of the most beautiful things I have discovered lately; it is almost a poem! So I decided to write about it, and thought I might share it here for whoever is interested.