Posts Tagged ‘bet sizing’
The Kelly Criterion is one of the most important aspects of gambling from roulette to sports betting to stock market investing. Once you understand the rules of roulette and know everything you need to know about the basics, then it’s time to explore some other aspects of roulette, particularly bet sizing and the Kelly Criterion.
Over the long run, the house that offers an American Wheel (with a double zero) versus the European or French wheel (that only has a single zero) has a better edge over you. If you are going to play roulette, then you need to make wagers with the best value and edge possible, while trying to maximize your profit and minimize any losses. A formula like the Kelly Criterion will help you maximize profits by wagering the optimal amount every time.
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