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28: Plus EV Analytics Joins for a Discussion
Circles Off - Sports Betting Podcasts
Is the Kelly Criterion Still Appropriate?
If you're betting into a stale line, say it's plus 500, and the current market line is plus 400, so you quantify your edge using the comparison of those two numbers. Yet it's true if that plus 400 could move to plus four ten at the close. So i believe the kelly criterion still applicable in that case, as long as you assume no correlation. And i have been proceeding over the years under that assumption that that your still good.
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