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Thanks for the reference Charlie.
"The Mathematics of Gambling" by Dr. Edward O. Thorp (of blackjack fame) is
available free online and includes a section on money management as well as
comments on the Kelly system. It's available at:
http://www.bjmath.com/bjmath/thorp/tog.htm
Best Regards,
Bill Vedder
Charlie Barnes wrote:
> One of the well known papers on bet sizing was written 45 years ago. Know as
> the Kelly Criterion it was published under the title "A New Interpretation of
> Information Rate" by J. L. Kelly, Jr, in the The Bell System Technical
> Journal, July 1956. An explanation of an a link to the actual article in PDF
> format can be found at
> http://horseracing.miningco.com/sports/horseracing/library/blkelly.htm
>
> Putting "Kelly Criterion" into your search engine will bring up a number of
> articles on the subject. Readability hint: Just replace any reference to
> "horse" with "E-Mini trade" .
>
> Charlie
>
> > At 08:22 PM 1/31/01 -0800, David Pyle wrote:
> > >Can someone recommend some reading on bet size. Preferably online.
> > >
> > >Dave Pyle
> > >
> > >DPyle96@xxxxxxxxxxxxx
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