Blog Page - Alicia Sainz
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The first race is for 3-year-old state-bred maidens and your records show that you typically hit 20 percent winners at average odds of 3-1 in such affairs. Plugging those numbers into the Kelly calculator, we find that your “advantage” is -6.67 percent. This means you have no edge in the race and should pass . Now, it should be clear from this explanation that the Kelly Criterion is used only to exploit an edge, not to create one.

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