= John Larry Kelly Jr.
{wiki=John_Larry_Kelly_Jr.}
John Larry Kelly Jr. was an American mathematician and statistician known for his significant contributions to the field of gambling and betting systems. He is best known for the Kelly Criterion, a formula that helps bettors determine the optimal size of a series of bets to maximize the logarithm of wealth over time while minimizing the risk of bankruptcy. The Kelly Criterion is widely used in gambling, investing, and various decision-making scenarios where risk and reward are considered.
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