1. 03-07-11 06:25 PM #1
    roasthawg
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    Simultaneous Event Kelly

    Any easy way to implement the simultaneous event kelly formula into ms excel? Ganch's proof is rough.
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  2. 03-07-11 08:17 PM #2
    bztips
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    Actually the formula is quite simple and easily implemented in Excel. First compute the single-event Kelly fraction for each event. Call these A, B and C for Events 1, 2 and 3.

    If you're playing them as individual events (ie, not parlaying them), then the simultaneous Kelly fraction for Event 1 is A * (1-B) * (1-C); and similarly for 2 and 3.

    If you're playing 1 and 2 as a parlay, then the Kelly fraction for the parlay is A * B * (1-C).

    (I think/hope I got this right -- doing it off the top of my head.)
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  3. 03-07-11 08:27 PM #3
    Peregrine Stoop
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    Quote Originally Posted by roasthawg View Post
    Any easy way to implement the simultaneous event kelly formula into ms excel? Ganch's proof is rough.
    the most profitable things are often 'tough'

    life's a beach, eh?
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  4. 03-07-11 08:45 PM #4
    roasthawg
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    Quote Originally Posted by bztips View Post
    If you're playing them as individual events (ie, not parlaying them), then the simultaneous Kelly fraction for Event 1 is A * (1-B) * (1-C); and similarly for 2 and 3.
    Ah, is this all there is to it? Not too bad... thanks!
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