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I discuss the dangers that may come from naively trusting the Kelly criterion’s suggestions and propose a practical solution. This practical solution is fully in line with how I invest at Junto. In the first section, I introduce the mental model of gambler’s ruin and the mental model of leverage.

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We have verified how betting with Kelly formula is doing when the outcome probabilities are not exactly the ones we believe in.

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Class races are numbered – with Class 1 and Premier class races the highest quality, while Class 5 races feature the lowest rated horses. Class racing is based on a numbered scale, which associates every horse with a rating on a sliding scale. The gleam of integrity is bright from Hong Kong, but few would consider any racing jurisdiction completely devoid of corruption. Wherever betting and huge flows of money exist, corruption will follow.

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Live betting will be settled according to the final score including overtime . The results of matches decided by a penalty shootout will include the penalty shootout as one goal for the winning team. Predict whether any player will score a 180 in the next leg.

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It might be a wager on how many yards a QB will throw, or whether there will be a safety in a game.

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