Dear Twitpic Community - thank you for all the wonderful photos you have taken over the years. We have now placed Twitpic in an archived state. In one tweet, from Jesse Kelly, around 12:30 p.m. Saturday, he said he called on Yale to “change its name immediately and strip the name of Yale from every building, piece of paper, and merchandise.
The Kelly Criterion is a scientific gambling method using a formula for bet sizing that mathematically calculates the proper position size for placing a bet based on the odds. The Kelly bet size is calculated by optimizing the projected value of the wealth logarithm, which is equivalent to maximizing the expected geometric growth rate of the capital being wagered. The Kelly Criterion is a formula used to bet a preset fraction of an account. It can seem counterintuitive in real time.
The Kelly formula is : Kelly % = W – (1-W)/R where:
- Kelly % = percentage of capital to be put into a single trade.
- W = Historical winning percentage of a trading system.
- R = Historical Average Win/Loss ratio.
Here are the statistics traders need to calculate the Kelly Criterion:
- You can use the data from your trading records or backtesting data for your system for calculating the Kelly Criterion.
- Your system’s winning probability is your “W”.
- Your system’s win/loss ratio is your “R”.
- These numbers are the input into Kelly’s equation above for calculating bet size.
- The Kelly percentage is what the equation returns.
Jesse Kelly Tweets
For an even money bet, the Kelly criterion computes the wager size percentage by multiplying the percent chance to win by two, then subtracting one. So, for a bet with a 70% chance to win (or 0.7 probability), doubling 0.7 equates 1.4, from which you subtract 1, leaving 0.4 as your optimal wager size: 40% of available funds. – Wikipedia© Patrick Sikes / For Hearst Connecticut Media
Yale University Campus New Haven, CT.
NEW HAVEN — Yale University has come under fire Saturday through tweets pointing out the university was named after Elihu Yale, a slave trader.
The hashtag “#CancelYale” started trending nationwide on Twitter.
In one tweet, from Jesse Kelly, around 12:30 p.m. Saturday, he said he called on Yale to “change its name immediately and strip the name of Yale from every building, piece of paper, and merchandise. Otherwise, they hate Black people. #CancelYale”
By about 6:30 p.m., the tweet by Kelly — an Iraq War veteran and former GOP congressional candidate — had been retweeted more than 17,000 times and liked nearly 40 thousand times.
The university’s director of media relations declined to comment.
Jesse Kelly Twitter Page
Kelly, a conservative pundit, also called on Hillary Clinton for a response since she went to Yale.
“Why did you attend Yale University when its named after a slave trader?” Kelly tweeted.
Many others have chimed in, sharing incidents like one where a Black student fell asleep in a common room on the Yale campus, and a white student called police.
The university has previously been brought in the spotlight in August 2016 for a push to rename the Ivy League campus, starting at the top with Elihu Yale, “slave trader extraordinaire,” as he was described in a story then by the Wall Street Journal.
Editor’s note: Yale University declined to comment on the Tweets after being contacted by Hearst Connecticut Media over the weekend. This story has been updated to reflect that.