I think there’s a middle ground statement:
While the outcomes that drive up the expected dollars are mainly in the regime where your utility is linear in dollars, you should bet crazily; after that point, you should be hedging more; Kelly works (uniquely?) well in the long-run; but in the real world you could know what utility regime you’re in / how long of a run you’re in or something like that.
As an additional point, there are also potentially quite significant negative externalities to slotting in—because you validate the strategic vision, which makes it able to pick up other slotters. (Cf. https://tsvibt.blogspot.com/2024/09/the-moral-obligation-not-to-be-eaten.html )