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Notices
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Daniel (not verified)
14th January 2021 | 6:10pm

I'm very poor in mathematics but I agree with the answer of Aaron. I guess Kelly % = W – [(1 – W)/R] expresses the risk %. Open a position for this risk %. If you loose your bet, you will loose risk % of your capital. In your example, you should open a position with 100% and if you loose your bet then you will loose 20% of your capital.

Correct?