hi evryone
i d like to know ho w to apply the kelly formula.
my issue is how can i know the Probability??(P)
imagine the game Israel vs Iceland with israel quoted at 1.57
K= P*B-(1-B) / B
if B is the bet odds i'm gonna put 0.57 and (1-B) 0.43 but how can I know P??
cheers
i d like to know ho w to apply the kelly formula.
my issue is how can i know the Probability??(P)
imagine the game Israel vs Iceland with israel quoted at 1.57
K= P*B-(1-B) / B
if B is the bet odds i'm gonna put 0.57 and (1-B) 0.43 but how can I know P??
cheers