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Kelly Winterhalter likens being an entrepreneur to being a poker pro in that both offer the flexibility from a mundane nine-to-five job and afford the potential for travel and freedom to set one’s own hours which many find desirable. Of her six WSOP appearances, the multi-talented Winterhalter has managed an impressive four cashes.
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Please correct me if I am wrong. I used to use the Kelly Criterion for playing the horses. If I remember correctly it was "edge divided by odds." We then made an adjustment whereby we used a 1/2 Kelly. When you say Kelly Criterion as applied to a poker situation are you doing the same thing? Could you please define Kelly Criterion.
In probability theory and intertemporal portfolio choice, the Kelly criterion, Kelly strategy, Kelly formula, or Kelly bet is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected logarithm of wealth which is equivalent to ... Kelly Lucente - President | Branding | Marketing Strategy ... View Kelly Lucente’s profile on LinkedIn, the world's largest professional community. Kelly has 9 jobs listed on their profile. See the complete profile on LinkedIn and discover Kelly’s ...
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