Advanced6 modules
Robust Kelly, calibration and statistical tests. 52 min read.
Modules 0 / 6
- Robust KellyAdapt Kelly to the uncertainty in your own probability estimate.
- Kelly for simultaneous betsSeveral bets at once: why you can't just add up Kelly stakes.
- Advanced devig methodsPower, Shin, odds ratio: correcting the favourite-longshot bias.
- Model calibrationA model that says 60% should be right 60% of the time. Here's how to check.
- Statistically testing your performancep-values, risk of ruin, maximum drawdown: moving from impression to proof.
- Operational realityAccount limits, liquidity, odds movements: what the maths doesn't tell you.