Kelly fraction = p − (q / b), where p = win probability, q = loss probability, b = average win / loss. Use fractional Kelly for lower variance.
Results
Kelly Fraction
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Optimal Bet (₹)
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Half Kelly Bet
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Quarter Kelly Bet
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Growth vs Fraction
Utility curve showing expected log growth for different fractions of the Kelly bet.
| Fraction of Kelly | Bet Size (₹) | Expected Log Growth |
|---|