Daily Fantasy Sports Risk Management – Use the Kelly Criterion to determine bet size

Use Kelly Criterion for Daily Fantasy 50 50 games

Selecting the optimal bet size for a Daily Fantasy Sports game is key to managing the risk associated with the game.   If you bet your entire balance in one game, one loss means you are out of the game until you redeposit.  On the other hand, making a small bet means your balance will grow slowly.

Did you know that there is a large body of research supporting the use of the Kelly Criterion to select the optimal bet size based on two factors (1) prior knowledge of the payout and (2) the probability of success?  Both factors can be determined by the Daily Fantasy Sports player and the optimal fraction of your account balance to wager can be determined.

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Winning Quantopian Morningstar data Fundamentals algorithm


In late 2014, Quantopian – the pythonic trading platform - made available programmatic access to fundamental data from Morningstar.  Python trading algorithms can use this data in trading logic.  To introduce the community to the use of this data, developers were invited to submit algorithms exploring this new avenue.


My python trading algorithm submission “Using #Fundamentals to identify uptrending volatile small caps”  was one of seven selected by Quantopian as best showing use of this data.


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Daily Fantasy player Condia looks to be back for 2014 NFL Fanduel season

Daily Fantasy player Condia – who some suspect is a Full Time Player – is back on the Fanduel Leaderboard after 2014 NFL season week 1 at position 62 with 262 wins.

While I didn’t see him in the few games I played, it is fun to speculate on the work and return needed to Go Pro if indeed he (or she) is doing this and what kind of cash flow was generated in week one.

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Kawasaki 99916-2164 John Deere AM132715 Fuel Pump Diaphragm failure dissection

Kawasaki 99916-2164 John Deere AM132715 Fuel Pump

We had an older John Deere tractor in the shop recently with what could only be described as a major fuel leak when running.  Idling the tractor in a fixed location resulted in a pool of fuel forming underneath in a short time.  Shutting off the tractor stopped the leak so clearly this fuel was being pushed out under pressure.

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