The Line Between Aggressive and Crazy
It's worth noting that for a finite number of bets (the number being known to the bettor) the Kelly Criterion is not the optimal strategy. Intuitively, the closer you are to the end the less worried you should be about going bust (as you won't be missing out on more of these great odds).<p>Gwern details this extensively here: <a href="https://www.gwern.net/Coin-flip" rel="nofollow">https://www.gwern.net/Coin-flip</a> well worth checking out.