Remember that the Kelly bet size of this game is 2p − 1 = 2 · 0.7 − 1 = 40% or 0.4.
Under-BettingNext, we simulate 1000 equity curves of 100 tosses with bet size = 20% which is half of our 40% Kelly bet.
The expected long-term growth rate is, by definition, maximized with the Kelly bet.
The Kelly bet size fKelly is the optimal bet size that yields the maximum expected long-term growth rate.
However, one must ensure the said distribution is stable enough to obtain a reliable Kelly bet calculation.

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