Disliked{quote} Relating more specifically to blackjack and investing, is the interesting concept of Kelly's Formula (or Kelly's Criterion), which is basically the optimal bet size giving your win-odds, that maximizes your risk-adjusted returns over a period of time. Bet higher, and the volatility of your returns actually lower your overall returns, and bet lower you're not maximizing it. Can google it if you're interested. There's an interesting book called Fortune's Formula (http://www.amazon.com/Fortunes-Formu...ne%27s+formula)...Ignored
Kelly's Formulae can be quite aggressive.............there are better money management formulaes out there.
The book I love is Portfolio Management Formulas - Ralph Vince. An oldie but a goodie.
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