[1retep]

I also like the discourse on bankrolls and bets sizing. I think being able to correctly size your bets is such a great, albeit challenging skill to have in the real world.

[kqr]

Go here for more focused practise: https://static.loop54.com/ship-investor.html

[lgas]

https://en.wikipedia.org/wiki/Kelly_criterion may be of interest.

[sokoloff]

One major problem here is that many players dramatically overestimate their edge.

[kqr]

One of the rules of thumb you quickly learn when studying the Kelly criterion is that overestimation can lead to ruin, underestimation can at worst lead to slower growth.

[lgas]

A problem for those players, an opportunity for others :)

[sokoloff]

True!

Reminds me of: https://en.m.wikipedia.org/wiki/Chinese_word_for_%22crisis%2...