Originally Posted by coach belly View Post
Originally Posted by redietz View Post
You shouldn't apply the math of random events to non-random events as a strategy for investment.
The Kelly criterion requires accurate probability values, which isn't always possible for real-world event outcomes. When a gambler overestimates their true probability of winning, the criterion value calculated will diverge from the optimal, increasing the risk of ruin.

I thought everybody here already knew that.
Wait until you hear about this concept called fractional kelly to deal with that. Mind-bottling.