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Kelly Can't Fail

(win-vector.com)
389 points jmount | 1 comments | | HN request time: 0.209s | source
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hawkjo ◴[] No.42467116[source]
Very cool to see no variance in the outcome. But that also makes it feel like there should be a strategy with better expected return due to the unique problem structure. Do we know if the Kelly strategy is optimal here?
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1. OscarCunningham ◴[] No.42469751[source]
In this game, all strategies have the same expected value, so long as they follow the rule 'if the remaining deck is all the same colour, then you should bet everything you have on that colour'.