The Kelly criterion is used not only in the gambling games, but even at the exchanges. This method is the only one, which has the mathematical basic and that’s why it is used by a lot of different players. But during the use of this method two big problems appear at the same time.
(more…)
The experience is very important in the art of the betting in sport. To choose the events for betting right is often the main part of the winning. But this is the most difficult too.
(more…)
Continuation about Martingale betting system. Today we’ll talk about Kelly criterion. I will also provide example with good overview ;-).
(more…)
Martingale is the most well-known financial strategy, which was at first done for the using at the casino. With this strategy you can always be on the plus side even if you lose often. But, this strategy has a high risk, and if you use it thoughtless it can lead you to the financial crash. (more…)