The Kelly Criterion suggests smaller bets are better than larger bets to avoid risk of ruin. The formula tells you mathematically how small a bet you should make to get an optimal return.
No, if you have $100 and you risk $50 and lose, your next bet will be $25. Using this method you always use the K value from current bankroll not from starting bankroll.
@@itslike123 walk 25% of the way across the room.... then 25% of the remaining distance... then 25% of the remaining distance... Keep going on this way .... I know you can do it
