Say I place two bets (mutually exclusive). Bet 1: Decimal odds 4, Win Probability: 60% and Stake of BR: 54% and Bet 2: Odds: 3, WP: 30%, Stake: 22%. The Kelly calculator shows expected growth of 42.0433%. How is this calculation done?
I don't need to know the optimization process to find the stakes simply how calculate expected growth with 2 or more mutually exclusive outcomes given odds,wp and stakes.
Thanks
I don't need to know the optimization process to find the stakes simply how calculate expected growth with 2 or more mutually exclusive outcomes given odds,wp and stakes.
Thanks