Kelly Parlays

**Pancho sanza** · 02-26-10, 10:06 PM

If you are looking for a way to make an optimal set of parlays using Kelly, you need to figure out each unique outcome among the games (they will sum to 1.0) then calculate P*log(bankroll) for each outcome, then maximize the sum of those #'s.

**RickySteve** · 02-26-10, 11:56 PM

Did you even read his post?

**Dark Horse** · 02-27-10, 12:18 AM

Originally posted by mintybetmachine

Does anyone know of an efficient way to get Kelly Parlays in? It is easy with round robins but sometimes my chances or odds are different and I have to put in each parlay manually. I also ran into a problem where I have 9 or so plays but round robins only go up to 6, again requiring manual input.

The two solutions that I have come up with so far are to hire a virtual assistant or build a script to automatically get the bets in. The problem is that both are error prone, the virtual assistant might also be some hungry guy in a 3rd world country and wouldn't mind emptying out my account, and some books might not want a ton of parlays sent in within seconds of each other.

Round robins, as you said. Haven't seen them where you can adjust the bet size based on winning expectation. I did ask for an improved SBR round robin calculator with that feature.

Have you tried calling them in?

**Pancho sanza** · 02-27-10, 11:51 AM

Originally posted by RickySteve

Did you even read his post?

Yes

I just wanted to make sure he knows how to calculate the parlays in the first place.

**Wrecktangle** · 02-27-10, 10:45 PM

Kelly Parlays: an even faster way to burn thru a bankroll than "regular" Kelly plays.

Reminds me of a story: When I was 17, I told my Dad I wanted to get a motorcycle. He said: get a gun, it's faster.

**Dark Horse** · 02-27-10, 11:49 PM

Originally posted by Wrecktangle

Kelly Parlays: an even faster way to burn thru a bankroll than "regular" Kelly plays.

Not necessarily, for round robins. If you were to bet 60% of BR, would you rather do so on one game, or on a number of correlated plays with the same winning expectation?

**mintybetmachine** · 02-28-10, 01:32 AM

Originally posted by Wrecktangle

Kelly Parlays: an even faster way to burn thru a bankroll than "regular" Kelly plays.

Reminds me of a story: When I was 17, I told my Dad I wanted to get a motorcycle. He said: get a gun, it's faster.

If you want story time then Kelly is like a trampoline. If you are already headed for disaster you get there faster, if not...then you make more money.

I have actually never tried calling parlays in, I thought the reps would have better things to do than make personal parlays for me, but I will try. Thanks for the suggestion DE.