Definición
Staking a fixed fraction (commonly one-half) of the full Kelly-optimal bet size. It sacrifices a little long-run growth for much lower bankroll swings, and cushions the damage when the edge estimate is too high.
Términos relacionados
- Kelly Criterion — A staking formula that sizes each bet by its edge and odds to maximize long-run bankroll growth. Many use a fraction (half-Kelly) to cut variance.
- Bankroll — The money set aside for betting. Units and Kelly stakes are sized as a percentage of it.