Kelly Criterion & Simultaneous Event Betting

[Darkside Magick]

What if any is the optimal size should one use when simultaneous event betting using kelly.

3? 5? 10?

what i'm trying to get at is what is a good number of event which will not compromise growth

[RickySteve]

wut?

[Pot luck]

As many as possible (assuming your edge is the same for each event).

[Darkside Magick]

As many as possible (assuming your edge is the same for each event).

what if the edge is different for each event? should i just play the highest edges i have( ex. anything over 60% prob@ -110)?

[FourLengthsClear]

what if the edge is different for each event? should i just play the highest edges i have( ex. anything over 60% prob@ -110)?

No. You should play as many as possible albeit the amount staked is reduced according to the proportion of your bankroll that is going to be risked at any given time.

Ganchrow's calculator will help you.

http://www.sbrforum.com/betting-tools/kelly-calculator/

[Darkside Magick]

No. You should play as many as possible albeit the amount staked is reduced according to the proportion of your bankroll that is going to be risked at any given time.

Ganchrow's calculator will help you.
http://www.sbrforum.com/betting-tools/kelly-calculator/

thanks 4lengths!!!!!!!!!!!!!!

i use the calculator all the time....just had some thoughts after reading fortune's formula last night!

[Darkside Magick]

after reading fortune's fornula , i wanted to bring this question to the think tank.....which is better....full kelly with the prob. @55% knowing i win 55% of my bets....or just continue to use half kelly to protect from over-betting.


reason i am asking is i am leaving alot of money on the table by not going full kelly plus by having my prob. at 55% on all bets it protecting me from overbetting

[RickySteve]

I suggest betting full Kelly with an expected win rate of 50%.

[Darkside Magick]

I suggest betting full Kelly with an expected win rate of 50%.

impossible!!

[Richkas]

Youll never win