File:Kelly bet.png
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Summary
| Description |
English: This graph shows the expected value of different betting fractions. The game in this example is for a coin flip win-or-lose, with the coin weighted to win 60% of the time. The optimal bet, called the Kelly bet, is 20% of the bankroll. Over time, on average, each round will increase the bankroll by 2.03%. Betting less than 20% will have a lower average return, e.g. betting 10% will provide an average 1.5% increase. Betting over 38% percent will result in losing money over time.
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| Date | |
| Source | Own work |
| Author | Zojj |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 03:00, 15 August 2021 | | 1,172 × 942 (48 KB) | Zojj | Uploaded own work with UploadWizard |
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