Originally posted by wintermute
...and indeed...that is one of the unique aspects of kelly betting...
..it does not matter the ORDERING of wins/losses...one can have 4 wins in a row FOLLOWED BY 3 losses...
...or WLWLWLW...
..at 9.7%...the optimal Kelly Fraction...
THE WIN AMOUNT will be the same for each sequence of W/L
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