Kelly Criterion
What it does? The Kelly Criterion is a popular money-management formula used in betting too. In short, providing the optimal stake if the probability of some result is higher than what the odds say (so we have "value" odds). For example, if you think the chance of Man Utd to beat Newcastle is 60% and the odds are 1.90 - that can work. The calculator uses the original formula but it is a bit aggressive, if you have a large banrkoll our advice is to use 5-10 times lower stakes than what comes here as result.
Note: The calculators work only with decimal odds format.
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