re: Poker & Kelly Criterion
The avg poker player already uses parts of this system. We all calculate pot odds
in our head(although some use a program =/), we all consider EV and ect ect. I see no reason why this formula wouldnt work in the long run, although I am admittedly not intelligent enough to apply it myself on the fly. I am an english man not a math man but it seems to me this particular formula speaks to making the same bet/call numerous times knowing that you may lose a few times, but in the long run you will make money making that particular decision repeatedly. While my game isnt based completely on numbers they do play a very large role. So I say if you can, or have a software that can calculate this on the fly, more power to you.