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What is the "Kelly formula"?
Kelly's formula was used to help plan the design of electronic bit stream, and was later quoted in 2 1 point gambling.

1. Weiss's paper "Fund Management Formula of Gambling Blackjack" gives a new explanation of information proportion and discusses the concept of information flow, which is now called Kelly Formula by futures traders.

2. f = ((r+1) * p-1)/r p = percentage of system profit accuracy R = ratio of trading profit to trading loss.

3. If the accuracy is 65% and the winner is 1.3 times that of the system instance, then f = ((1.3+1) * 0.65-1)1.3 = 38 of the funds used for trading.

4. Kelly's formula was originally designed to help plan the design of electronic bit stream, but it was later quoted to bet 2 1 point. The trouble lies in the simple fact that 2 1 point is not a commodity or a transaction.

5. When betting on 2 1 point, the gambling books that will be lost are limited to the chips invested, and the profits that may be won are limited to the betting chips, but the degree of winning or losing in commodity trading is not accurate, which will have a great impact on assets or winning or losing.