Recently I have been using Kelly criterion but I have a question for others who use it.
For example I want to place a bet, I calculate the stake with the formula and now it is pending.
Is it best to wait for it to be graded until placing a new bet?
Can the long term evolution of the bankroll suffer if while I have a pending bet I place another one with the stake calculated for the remaining available bankroll?
What about several different bets placed at once? How do you use Kelly criterion in such a situation?
Or is it better to place just one bet at once in order to see if it is a winner to calculate the stake for the next bet according to the new available bankroll?
For example I want to place a bet, I calculate the stake with the formula and now it is pending.
Is it best to wait for it to be graded until placing a new bet?
Can the long term evolution of the bankroll suffer if while I have a pending bet I place another one with the stake calculated for the remaining available bankroll?
What about several different bets placed at once? How do you use Kelly criterion in such a situation?
Or is it better to place just one bet at once in order to see if it is a winner to calculate the stake for the next bet according to the new available bankroll?