RiskRisk ManagementOptimal BettingHunches and SystemsSimulationsPyramiding and MartingaleOptimizing—Using SimulationOptimizing—Using CalculusOptimizing—Using the Kelly FormulaSome Graphic Relationships Between Luck, Payoff,
and Optimal Bet FractionNonbalanced Distributions and High PayoffsAlmost-Certain-Death StrategiesDiversificationThe Uncle PointMeasuring Portfolio Volatility: Sharpe, VaR, Lake Ratio, and Stress TestingStress TestingPortfolio SelectionPosition SizingPsychological ConsiderationsRisk Management—Summary