Title
Bet Smart: The Kelly System For Gambling And Investing
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
In 1956, A Physicist Named John Kelly Working At Bell Labs Published A Paper Titled A New Interpretation Of Information Rate. In The Paper He Draws An Analogy Between The Outcomes Of A Gambling Game And The Transmission Of Symbols Over A Communications Channel. For A Positive Expectation Game, Kelly Showed That A Betting System Based On A Fixed Fraction Of The Bankroll Can Make The Bankroll Grow At An Exponential Rate In The Long Run. The Exponential Growth Rate In This Case Is Directly Analogous To The Rate Of Information Transmission Through A Communications Channel. This Book Examines The Kelly System In Detail. Applications Of The Kelly System In Both Gambling And Investing Are Considered. Python Code For Calculating The Kelly Fractions For Both A Single Stock Investment And An Investment In Two Stocks Simultaneously Is Included. Included Is An Introductory Review Chapter On The Probability Theory Needed To Analyze Gambling Systems In General.There Is Also A Chapter On Some Of The More Commonly Used Gambling Systems Such As The Martingale System. This Book Will Be Useful For Anyone Interested In A Good Mathematical Introduction To Gambling Systems In General, And The Kelly System In Particular.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does this book have? A: This book has one hundred forty-four pages. It provides a detailed examination of the Kelly system in gambling and investing.
- Q: What is the binding type of this book? A: The binding type is paperback. This makes it lightweight and easy to handle.
- Q: What are the dimensions of this book? A: The dimensions are five point five one inches in length, zero point three six inches in width, and eight point seven eight inches in height.
- Q: Who is the author of this book? A: The author is Stefan Hollos. He explores complex mathematical concepts in an accessible manner.
- Q: What category does this book fall under? A: This book falls under the Finance category. It is suitable for readers interested in gambling systems and investment strategies.
- Q: What topics are covered in this book? A: The book covers the Kelly system, probability theory, and various gambling systems such as the Martingale system.
- Q: How can I apply the concepts from this book? A: You can apply the concepts by using the included Python code to calculate Kelly fractions for investments. It's suitable for both gambling and stock investments.
- Q: Is this book suitable for beginners? A: Yes, this book is suitable for beginners. It includes an introductory review of the probability theory necessary for understanding gambling systems.
- Q: What kind of reader would benefit from this book? A: Readers interested in finance, gambling systems, and mathematical strategies will benefit from this book. It's ideal for both novices and seasoned investors.
- Q: Does this book include practical examples? A: Yes, it includes practical examples and Python code for calculating investment strategies. This enhances understanding of the theoretical concepts.
- Q: How should I store this book to keep it in good condition? A: Store this book in a cool, dry place away from direct sunlight. Keeping it upright on a shelf can also help maintain its condition.
- Q: Can I write in this book? A: Yes, you can write in the margins or on the pages if you wish. Many readers find note-taking helpful for understanding complex concepts.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact customer support to initiate a return or exchange. They will guide you through the process.
- Q: What is the return policy for this book? A: The return policy typically allows returns within a specified period. Check your retailer's policy for exact details.
- Q: Is this book recommended for advanced readers? A: While it is accessible, advanced readers will also find value in its detailed analysis. It serves as a comprehensive resource for all levels.
- Q: Does this book contain any illustrations? A: Yes, the book is illustrated, which may aid in understanding the concepts discussed. Visual aids can enhance comprehension.