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What is Kelly Weight?
$$f^* = \frac{bp-q}{b}$$
where:
- \(f^*\) is the optimal proportion (or fraction) of the entire bankroll that should be bet or invested.
- \(b\) is the decimal odds of the event occurring, as implied by the current prices.
- \(p\) is the probability that the event will occur.
- \(q\)=1−\(p\)