Ah whoops, that’s what I get for actually intuiting rather than calculating in my example of intuiting rather than calculating :P
I’ll fix the example...
Intuitively, if I think something has a ~10% change of happening, I want at least a 10x bet. (Before even worrying about Kelly).
Ah whoops, that’s what I get for actually intuiting rather than calculating in my example of intuiting rather than calculating :P
I’ll fix the example...
Intuitively, if I think something has a ~10% change of happening, I want at least a 10x bet. (Before even worrying about Kelly).