Originally posted on 12/20/2014:

Quote Originally Posted by PunisherIND View Post
i'm curious as to how one can improve their approach to bet staking, beyond kelly.
Not exactly sure, but one of my things is that I'll bet an edge of 10% that I KNOW is an edge of 10% more heavily than a 15% with a large degree of error. It reduces potential gains slightly, but more valuably reduces potential losses. Thus (instinctually, no firm math) telling me that will give me better growth overall. And not covered by Kelly, which is designed only for known edges. Advantage:common sense. IMO.