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Kelly Criterion
A formula that sets your stake as a fraction of your bankroll based on your edge and the odds, to maximize long-term growth. Many bettors use a half- or quarter-Kelly stake to reduce swings.
A formula that sets your stake as a fraction of your bankroll based on your edge and the odds, to maximize long-term growth. Many bettors use a half- or quarter-Kelly stake to reduce swings.
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