Say if kelly says to bet 7% of your bankroll on a bet but you have like 10 different bets the same day with similar edges- how do you determine your stakes for each bet? You could end up having like 70% of your bankroll in action on one day
Using full kelly- multiple events question
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Winner_13SBR MVP
- 01-04-10
- 1744
#1Using full kelly- multiple events questionTags: None -
OptionalAdministrator
- 06-10-10
- 61353
#2You aren't supposed to bet more than 1 game at a time with Kelly.
But there is an old thread by Ganchrow discussing how to calculate bet size for simultaneous events and still kind of follow the rules..Comment -
OptionalAdministrator
- 06-10-10
- 61353
#3http://forum.sbrforum.com/handicapper-think-tank/29624-simultaneous-event-kelly-calculator-beta.htmlSports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets..Comment -
Winner_13SBR MVP
- 01-04-10
- 1744
#4Stakes for parlays of size: 1 2 3 All Total stake for all single bets: 17.1833% After first betting set After 1 consecutive betting set Expected Profit: Expected Bankroll: Expected Growth: Median Bankroll: Comment -
Winner_13SBR MVP
- 01-04-10
- 1744
#5Why does it say stakes for parlay size and then stake for all single bets?
I used a hypothetical example of:
-110 - 55% probability
-108 - 55% probability
-105 - 55% probability
and the kelly bet amounts added for 17.1833.Comment -
OptionalAdministrator
- 06-10-10
- 61353
#6I think you are better off to ask the question in Ganchow's thread.
The info you are talking about is in there for others to see, plus more people will read it..Comment
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