OPTIMAL GAMBLING SYSTEMS FOR FAVORABLE GAMES

E. O. Thorp

Chapter 6 in The Kelly Capital Growth Investment Criterion:Theory and Practice, 2011, pp 61-80 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:INTRODUCTIONPART I. FAVORABLE GAMESBLACKJACKBACCARATROULETTETHE WHEEL OF FORTUNETHE STOCK MARKETPART II. A MATHEMATICAL THEORY FOR COMMITTING RESOURCES IN FAVORABLE GAMESINTRODUCTION: COIN TOSSINGMINIMIZING THE PROBABILITY OF RUINTHE KELLY CRITERIONTHE ADVANTAGES OF MAXIMIZING E LOG XnA STOCK MARKET EXAMPLEWARRANT HEDGINGPORTFOLIO SELECTION USING E LOG XTHE KELLY CRITERION AND DEFICIENCIES IN THE MARKOWITZ THEORY OF PORTFOLIO SELECTIONREFERENCES

Keywords: Kelly Criterion; Dynamic Investment Analysis; Capital Growth Theory; Sports Betting; Hedge Fund Strategies; Speculative Investing; Fortune 's Formula (search for similar items in EconPapers)
Date: 2011
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