AdvancedNumeric answer
How much to bet on an edge · Part 3 of 3
You are offered a bet that wins your stake with probability 0.6 and loses it with probability 0.4, as many times as you like. Each time you may stake any fraction of your current bankroll.
You bet double Kelly, 0.4 of the bankroll. What is the expected log growth per bet, to four decimal places?
Answer with a number. Fractions, powers and expressions like 23/6 or C(52,5) are read correctly in practice.
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