007 wrote: ""Sloppily" applying the Kelly
Criterion, without significantly and consistently overbetting, with
significant positive expected value, will still accomplish almost all
of what Thorp did."
OK, but you still need a definition for "significant and consistent overbetting". The book also has examples of those who forgot that step.
There are two hurdles here, the first is to find an edge, the second is to not overbet your bankroll. You have to clear both if your expectation is bankroll growth with zero risk of ruin.
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Posted by: nightoftheiguana2000@yahoo.com
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