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If you’ve ever wondered how to find the right balance between risk and reward in sports betting or financial investments, the Kelly Criterion might just be the answer. Developed by John L. Kelly Jr [https://en.wikipedia.org/wiki/John_Larry_Kelly_Jr.]. in 1956, this mathematical approach was initially designed for communication theory but found lasting significance in gambling and investing. It provides a structured, logical way to determine how much to wager or invest, ensuring you don't risk to ..read more

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