Bankroll management — Kelly fractions explained

Bankroll management — Kelly fractions explained

Find an edge and you've solved half the problem. Size your bets wrong and you can still go broke — even with edge. Bankroll management is what turns a winning strategy into actual money.

This lesson is the Kelly criterion in plain language: what it is, why fractional Kelly is the only practical version, and how Sharp's 5% cap fits.

Why bankroll beats picks

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