Kelly Calculator | Betting Tools –

Calculates Kelly stakes for bets on up to 15 simultaneous events or 15 mutually exclusive outcomes of a single event.
A Quantitative Introduction to the Kelly Criterion Part I — Expected Value vs. Expected Growth
Kelly Criterion Part II – Enhancing Expected Growth
Event Form Selector:
Either simultaneous independent events (like in several different games) or mutually exclusive results (as in one event that can have one of many winners, e.g., a horse race or even the American Idol competition).
# Events/Outcomes:
The amount of either simultaneous independent events or mutually exclusive outcomes.
Consecutive Series:
The amount of times that this set of bets is to be repeated. This is included so as to ascertain expected and median bankrolls over several trials. (as an instance, if the user expects that each Sunday he will have 5 betting opportunities and wished to determine bankroll expectations within the duration of a 17-week NFL year, he’d set”# Independent Occasions” to 5 and also”Consecutive Series” to 17).

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