I have completely lost with Kelly Criterion for sizing my football play. Can someone break it down in a way that a complete beginner can understand? All the explanations I have come across online are way too complicated with too much jargon. Trying to find a practical solution here. And maybe a real-world example so it clicks?
13 Views
It is tough to get your head around it initially, but once you get the core principle, it does become second nature. I found it helpful to look at a site that also offers Kelly Criterion sizing. It takes the guesswork out of unit sizes and helps manage your bankroll effectively. I found that https://arcticabar.com/ explains it pretty well, or there are some decent youtube videos too.