Multivariable Kelly Calculuator

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • octonion
    SBR Rookie
    • 05-30-17
    • 1

    #1
    Multivariable Kelly Calculuator
    I just wanted to point out that the Multivariable Kelly Calculator is broken for simultaneous independent bets. For example, if you have two bets with decimal odds of 3.0 and win probability of 50%, optimal Kelly fraction is ~23%, not 18.75% as given. It appears to be correct for exclusive Kelly, however.

    Another way to see that it's broken is that total wager should very quickly approach 100% with multiple identical independent favorable wagers.
SBR Contests
Collapse
Top-Rated US Sportsbooks
Collapse
Working...