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Henk Tijms (not verified)
8th March 2020 | 7:16am

A very interesting article. Indeed the blue strategy maximizes the growth rate of your bankroll in the long run. A more general Kelly formula, which leads to this strategy, is discussed among other practical properties of Kelly betting in Chapter 16 of my book "Surprises in Probability- Seventeen Short Stories, CRC Press, 2019.