NOTE: This is purely a theoretical exercise. Gambling can be highly addictive and have far-reaching social and economic consequences. If you choose to gamble, do so responsibly. how to gamble like an addict I’ve spent some time recently thinking about a deceptively tricky problem: What’s the optimal betting strategy if your goal isn’t necessarily to make money, but to maximize the fun and length of your gambling session? Most betting strategies you find discussed–Martingale, Kelly cri...
