Kelly Criterion

[lump]

anybody know how to calculate the Kelly Criterion for simultaneous events? for sequential events i believe it's:
winning chance - (losing chance/odds) but since most sporting events are simultaneous rather than sequential, i'm trying to figure out the best calc to use.

[yak merchant]

anybody know how to calculate the Kelly Criterion for simultaneous events? for sequential events i believe it's:
winning chance - (losing chance/odds) but since most sporting events are simultaneous rather than sequential, i'm trying to figure out the best calc to use.

Look around. There is a calculator under tools http://www.sbrforum.com/betting-tools/kelly-calculator/ , and every third thread in here discusses it. Actual math is posted several times also.