Quote:
Originally Posted by The Artful Dodger
Does anyone know of a rule-of-thumb for determining how to best size a trifecta bet based on pool size? Any books or articles discussing this subject? I would like to bet as much as a $50 trifecta (per combination) but I'm not sure how to best gauge whether $5, $10 or $20 would be more appropriate and under which circumstances (with respect to the pool size).
Has anybody already done the math?
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How are you determining the combinations on which you'll wager? Are you enumerating all possible combinations or doing something like the A/B/C method? If it's the former, you can actually solve the full kelly criterion taking into account the pool size. If the latter, you may be able to do some type of kelly estimate. I'd have to think more about a good way to the estimate, but it might be a fun little exercise.
