When using Kelly, it's expected that the punter can bet even with, or better than the bookmaker.

The Kelly Criterion requires that the punter have the probabilities on his side. In the Kelly Criteria, the risk of bankruptcy is virtually eliminated. The stakes are decided by a percentage of the size of your funds. In the Kelly Criterion, progression increases when you are winning, and decreases when you are losing. In these systems, stakes are successivly increased when losing, thus the punters are running a high risk of bankruptcy. Systems like Martingale and Row of numbers use high level of progresion to make up for the punters lack of margins. If you are going to place for example 100$ on these two games, you should use 4/6 = 66,7 % = £67 on game 1 and 2/6 = 33,3% = £33 on game 2.

This can be done the following way:Īccording to the Kelly Formula you should bet 4% of your fund on game 1 and 2% of your fund on game 2. to help you find out how much to bet on game 1 compared to game 2. Another opportunity is to use Kelly's formula to determine stake proportions, i.e. divide the percentage with 2, which will minimize risk. You might want to use a fraction system, e.g. Even if you manage to find value bets, bets with an overrated value can cost you some money, because the stake, found with the formula, is too high. Many punters use Kelly's formula, while some find it too risky, as it requires a lot of your percentage estimations. This means that you should bet 6,25 % of your fund = £625

If you multiply the result with 100, you know how many percentages to bet of your fund. KELLY CRITERION BETTING SYSTEM In case of that, the following formula will tell you the optimal amount of your fund to bet:įormula: ( (odds x estimation) - 1 ) / (odds - 1) It requires that your percentage-estimations are better than the bookmakers estimations. a betting fund) over the long term by determining the optimal stake on a bet. Kelly´s theory is designed to maximize the growth of your bank roll (e.g. Kelly Criterion was developed in 1956 by John L.

Algorithm sports betting system