Notes on Notes: After this post you will be sizing bets in your head

Even with a favorable edge, poor bet sizing—not lack of edge—is what causes sophisticated bettors and traders to blow out.

• Kelly Criterion basics: Bet sizing math shows why favorable odds (a 60/40 or 51/49 coin) alone don't guarantee profit without proper sizing.
• Haghani-DeVoy experiment cited: In a study where subjects got a 60/40 edge coin and unlimited bet sizing, a third of the room still blew out their stake.

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