1. #1
    lump
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    Kelly Criterion

    anybody know how to calculate the Kelly Criterion for simultaneous events? for sequential events i believe it's:
    winning chance - (losing chance/odds) but since most sporting events are simultaneous rather than sequential, i'm trying to figure out the best calc to use.

  2. #2
    yak merchant
    yak merchant's Avatar Become A Pro!
    Join Date: 11-04-10
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    Quote Originally Posted by lump View Post
    anybody know how to calculate the Kelly Criterion for simultaneous events? for sequential events i believe it's:
    winning chance - (losing chance/odds) but since most sporting events are simultaneous rather than sequential, i'm trying to figure out the best calc to use.

    Look around. There is a calculator under tools http://www.sportsbookreview.com/betting-tools/kelly-calculator/ , and every third thread in here discusses it. Actual math is posted several times also.

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