[PDF.35et] Bet Smart: The Kelly System for Gambling and Investing

Bet Smart: The Kelly System for Gambling and Investing

[PDF.jg82] Bet Smart: The Kelly System for Gambling and Investing

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 | #1421719 in Books |  Abrazol Publishing |  2008-10-31 | Original language:English | PDF # 1 |  5.51 x.34 x8.50l,.41 | File type: PDF | 144 pages

 | ISBN13: 9781887187015 | Condition: New | Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!

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||2 of 2 people found the following review helpful.| Great Book for Math Junkie!!!!|By A. OConnor|ok - if your a math geek who LOVES formulas and equations as the primary language of the book - then you will love this book - if you more want a book/story about kelly and his formula and how it applies in word/story form you will be VERY disappointed in this book.

the math is NOT for beginners and they say that at the b

In 1956, a physicist named John Kelly working at Bell Labs published a paper titled "A New Interpretation of Information Rate". In the paper he draws an analogy between the outcomes of a gambling game and the transmission of symbols over a communications channel. For a positive expectation game, Kelly showed that a betting system based on a fixed fraction of the bankroll can make the bankroll grow at an exponential rate in the long run. The exponential growth rate in thi...

You easily download any file type for your device.Bet Smart: The Kelly System for Gambling and Investing   |  Stefan Hollos, Richard Hollos. Just read it with an open mind because none of us really know.

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