109: Edward Thorp – The Man Who Beat the Dealer, and Later, Beat the Market
Chat With Traders
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How to Win With Blackjack
The Kelly Criterion, if you go through the calculation says with a coin to us, it's different from other things, bet 2% of your bankroll. That is much of a little as you want. You lose your money, you're gone. So in here, Blackjack is a perfect training ground for that because you get a lot of bets. And so you get into the lawn one very quickly. If you play 100 hands an hour and 100 hours you play, you play 10,000 hands. A guy using this is likely after a period of time to have more money than somebody who just does something significantly different.
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