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Kelly Can't Fail

(win-vector.com)
389 points jmount | 2 comments | 19 Dec 24 23:07 UTC | HN request time: 0.417s | source
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pcthrowaway ◴[20 Dec 24 02:34 UTC] No.42467756[source]▶
Note that you need to be able to infinitely divide your stake for this to work out for you all the time.

For example, if the deck has 26 red cards on top, you'd end up dwindling your initial $1.00 stake to 0.000000134 before riding it back up to 9.08

replies(7): >>42467772 #>>42467915 #>>42468365 #>>42468411 #>>42470747 #>>42471103 #>>42480391 #
1. ab_goat ◴[20 Dec 24 13:02 UTC] No.42470747[source]▶
Finally a real world use case for bitcoin!
replies(1): >>42476433 #
2. amanda99 ◴[21 Dec 24 00:17 UTC] No.42476433[source]▶
Bitcoin isn't infinitely divisible, you can't do smaller than one satoshi.