But if that’s the case, he could simply mention the amount he’s willing to bet. The phrasing kinda suggested to me that he doesn’t have all the info needed to do the Kelly calculation yet.
Bayesed is correct. There’s a whole bunch of factors which affect whether a bet is worthwhile.
But if that’s the case, he could simply mention the amount he’s willing to bet. The phrasing kinda suggested to me that he doesn’t have all the info needed to do the Kelly calculation yet.
Bayesed is correct. There’s a whole bunch of factors which affect whether a bet is worthwhile.