Comment by sl8r

I made a streamlit app about Kelly last year, showing how to bet when you have an "edge" over a toy market of coin flippers: https://kelly-streamlit.herokuapp.com/

Other references I found interesting:

  - Cover and Thomas's "Elements of Information Theory" shows some interesting connections between Kelly betting and optimal message encoding.
  - Ed Thorp, the inventor of card counting, has a nice compendium of papers on this in "The Kelly Capital Growth Investment Criterion".