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The equations and calculator described relying on all bets having the same odds and same stake percentage. How robust will they be under real world scenarios where both may vary? Testing against Monte Carlo simulations reveals that odds can vary considerably without having too much impact on the reliability of the calculator’s outputs. But only provided the stake percentages are all the same. Obviously, that will not be the case with Kelly staking.
The calculator is also robust for variable stake percentages. For example, those advised by the Kelly strategy, provided the odds don’t vary too much. A typical example would be Asian Handicap fixed matches or point spreads, where most odds are close to 1.95, with minimal deviation.
Reliability is weaker when EV for these bet types also varies. But again provided neither the odds nor the EV for those bets varies too much. The calculator offers a reasonable method of providing quick estimates of performance expectation.
We know that defining expectations from level staking is relatively straight forward. However, this article has shown that we can do the same for percentage staking too. Whilst level staking performances will be normally distribute, those from percentage staking are distribute log-normally.
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What Is a Website Security Certificate and What Does It Do for Your Business?
In a way, a website security certificate is like a driver’s license.
In both cases, you use it to assert identity so you can conduct your business. A website security certificate is useful for not only helping clients (your users’ web browsers) recognize your website (web server), but also for helping the users themselves identify that the website is actually your page and not the fake site of an imposter. It’s just like making an Amazon purchase — you’d want to make sure you’re on Amazon’s official site first, right? Identity is essential.
But why is identity such a big concern? It probably has something to do with the fact that cybercrime is occurring at record levels and cost businesses and consumers worldwide at least $1.5 trillion in 2018 alone. And identity theft is also soaring at unprecedented levels. Oh, and criminals like to set up fake websites to look like legitimate businesses to trick them into a false sense of security…
Do we really need to list more reasons? Well, another benefit is that a website security certificate also helps you to facilitate a secure, encrypted connection between clients and the server. Combined with the authentication benefit, this means that users can feel confident and comfortable engaging in transactions because they know that their information is protected and being shared with a verified source.
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