Which Kelly fraction should I choose?
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Most people should start with quarter Kelly or half Kelly.
- Quarter Kelly uses 25% of the full Kelly stake: smaller stakes and smoother swings, a good starting point.
- Half Kelly uses 50%: more aggressive, for users comfortable with bigger swings.
- Full Kelly is mathematically aggressive and can be hard to live with during losing streaks.
- Custom Kelly lets you set your own fraction.
Treat the suggested stake as a guide: you can apply it, reduce it or choose your own.
Read more: Bankroll and Kelly
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