Wise Words from Ralph Vince – Expand your degrees of Freedom

“The key to ensure that you have a positive mathematical expectation in the future is to not restrict your system’s degrees of freedom. This is accomplished not only by eliminating, or at least minimizing, the number of optimizable parameters, but also by eliminating, or at least minimizing, as many of the system rules as possible. Every parameter you add, every rule you add, every little adjustment and qualification you add to your system diminishes its degrees of freedom”