Optimal Betting Strategy 1
Coin Flip betting using Reinforcement Learning
Have you ever staked money on coin flips or otherwise?
Well, I actually have in a previous quant internship!
Maybe you didn't, but you're just curious.
For you, I have the optimal strategy to stake your money!
Even though it refers to coin flips, you can use this for anything that has a known win probability
where you get double your money back.
Here's a document explaining the math behind it.
I hope you enjoyed reading the article, but here's the fun widget! Set in your values and see the graph!
Any feedback is greatly appreciated!