=== true edge +1.0pts over break-even · estimate error 0.0pts · pool 20 === selected 14.9 bets/slate | believed edge 1.64pts vs TRUE edge 1.64pts on the bets actually taken full Kelly, uncapped 115.34 full Kelly + 3% per-bet cap 88.51 half Kelly, uncapped 87.26 full Kelly + 15% total cap 56.47 quarter Kelly, uncapped 50.91 full Kelly + 3% bet + 15% total 48.24 flat 1% per selected bet 39.85 === true edge +1.0pts over break-even · estimate error 1.5pts · pool 20 === selected 13.6 bets/slate | believed edge 2.11pts vs TRUE edge 1.55pts on the bets actually taken half Kelly, uncapped 72.21 full Kelly + 3% per-bet cap 67.38 full Kelly, uncapped 49.72 quarter Kelly, uncapped 47.39 full Kelly + 15% total cap 45.95 full Kelly + 3% bet + 15% total 40.44 flat 1% per selected bet 33.91 === true edge +1.0pts over break-even · estimate error 3.0pts · pool 20 === selected 12.3 bets/slate | believed edge 3.07pts vs TRUE edge 1.42pts on the bets actually taken full Kelly + 3% per-bet cap 51.48 quarter Kelly, uncapped 43.71 half Kelly, uncapped 42.33 full Kelly + 15% total cap 35.87 full Kelly + 3% bet + 15% total 34.05 flat 1% per selected bet 28.25 full Kelly, uncapped -146.01 ruin 0.011% === true edge +0.0pts over break-even · estimate error 2.0pts · pool 20 === selected 10.0 bets/slate | believed edge 2.00pts vs TRUE edge 0.72pts on the bets actually taken quarter Kelly, uncapped 14.79 full Kelly + 15% total cap 14.49 half Kelly, uncapped 13.83 full Kelly + 3% bet + 15% total 12.26 full Kelly + 3% per-bet cap 10.46 flat 1% per selected bet 9.48 full Kelly, uncapped -38.29 (growth = mean log wealth change per slate, x 1e-4)