He can be 5-1 if last bet loses he breaks even or losses
All the math guys talk about understanding variance and Kelly betting and believing in the process.
Kelly is gonna run off with some other dude when your ass goes broke.
Maximizing EV means shit if you lose all your money.
If you can’t stomach going 0 for on any given day, then you’re betting too high.
The most important part of gambling is making sure that no matter what happens today, you have enough money to try again tomorrow.