In plain english ... Can someone practically explain what it is. I read read an this article
http://en.wikipedia.org/wiki/Kelly_criterion
and quickly figured out that this is too advanced for my math level, without being explained . While the Martindale, Anti-Martidale, the"1-3-2-6" and others will leave you broke, is this in same catagory of "system". How would someone figure out how much of an percentage you have to win as opposed to a lose(ie 60%/40%).
So say I bet 6% of may roll on +165 dog how would that translate.