Articles

What is the Kelly Criterion?

There’s a strategic formula known as the Kelly Criterion that can enhance your gambling or investment decisions. This mathematical approach helps you determine the optimal amount of your bankroll to wager on a bet, based on your

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What is Gambler’s Fallacy?

Just because a coin has landed on heads five times in a row doesn’t mean it’s due to land on tails next; this is a classic example of Gambler’s Fallacy. This cognitive bias leads you to believe

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