Kelly-factor Question
Assuming one is betting a fraction of kelly that we refer to as 'f', what is the formula to determine the growth rate of the bank in relation to full kelly?
For example, when f = 0.5 the growth rate of the bankroll is 75% whereas it is 100% when f = 1.0.
What is the growth rate when f = 0.25? f = 0.8?
Thanks,
MJ
