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Originally Posted by Bobby Fischer
i'll look it up, i'm just burn't out right now in need of a power nap... but do you have a link to Ed Thorp's papers?
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The idea of betting Edge*Bankroll/Odds that I referred to above is the Kelly Criterion. Wikipedia has a decent description of it:
http://en.wikipedia.org/wiki/Kelly_criterion
Can't find a Thorp link that's ideal for horseracing. Here's one paper he wrote that covers a lot of Kelly betting, but it's pretty heavy math.
http://www.bjmath.com/bjmath/thorp/paper.htm
--Dunbar
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Curlin and Hard Spun finish 1,2 in the 2007 BC Classic, demonstrating how competing in all three Triple Crown races ruins a horse for the rest of the year...see avatar
photo from REUTERS/Lucas Jackson
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