1. 09-14-13 04:29 AM #1
    Winner_13
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    Using full kelly- multiple events question

    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
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  2. 09-14-13 05:15 AM #2
    Optional
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    You 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.
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  3. 09-14-13 05:30 AM #3
    Optional
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    http://www.sportsbookreview.com/forum/handicappe...ator-beta.html
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    Winner_13 gave Optional 11 SBR Point(s) for this post.

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  4. 09-14-13 05:37 AM #4
    Winner_13
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    Stakes 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:
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  5. 09-14-13 05:39 AM #5
    Winner_13
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    Why 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.
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  6. 09-14-13 06:07 AM #6
    Optional
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    I 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.
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