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Kelly Criterion: Avoid Ruin


cryptofly

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Posted

Hello Stake team! As you know I am a crypto enthusiast (same as all of you) and with my activity inside the crypto ecosystem I came across with one of the most significant and important influencers in the behavior of entrepreneurs, his name as everybody knows him is NAVAL.

Here the link to a short but powerful advise, it is about gambling, but it is truly about life.  Is very short, worth the time to take a look.  

 

https://nav.al/kelly

naval1.JPG

Posted

Thanks for this and if you didnt know there are many of such videos out there for you information which have huge stories they tell about how they came out of this and started a good life journey. 

Posted

hey, damn nice story based on real story right? i heard many storys like this were the gambler left  gambling a made better life. :)  so if you want it you can make it just gotta belive youre selfe.

Posted

@cryptofly this is very useful information and I advice everyone to have a read through the documentation on the Kelly criteria. I am using the Kelly criterion for over 5 years now but only in my sport betting. But the past 2-3 years its getting automatic so I personally do not pay much attention on it myself. I am using special software for my sport betting and the Kelly criterion is build in the software. So I only need to adjust my settings once and after that the software is applying the Kelly criterion automatically 

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