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Notices
김홍우 (not verified)
18th April 2019 | 10:17pm

Plugging in the values for our scenario: Kelly % = 60%/20% – (1 – 60%)/20% = 100%, which was Blue’s winning allocation.

Your calculation is wrong.
The correction is
Kelly% = 60%/20%-(1-60%)/20%=20%