Bet Calculator Our Bet Calculator allows you to automatically calculate the Payout for any given combination of Stake and Odds, including Multiples. Enter the Stake and Odds for your bet and the Bet Calculator will automatically calculate the Payout. Add Odds for Multiples. The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets.
Kelly Criterion is also referred to as Kelly strategy, Kelly formula, Kelly staking or Kelly bet. It is a formula used to determine the optimal size of a series of bets in sports or investment. The criterion is most often used in sports gambling and certain investment related scenarios. This online sports betting calculator helps you in calculating optimal stake percentage and the potential profit using the kelly criterion formula.
Kelly Strategy - Sports Betting Calculator
Kelly Criterion is also referred to as Kelly strategy, Kelly formula, Kelly staking or Kelly bet. It is a formula used to determine the optimal size of a series of bets in sports or investment. The criterion is most often used in sports gambling and certain investment related scenarios. This online sports betting calculator helps you in calculating optimal stake percentage and the potential profit using the kelly criterion formula.
Formula:
r = (((o-1)/100) * (100-c)) + 1f= (1 / t) * 100v = r / ((1/t) * 100) s= ((((t / 100) *r) - 1) / (r - 1)) * bp= ((((t / 100) * r) - 1) / (r - 1)) * 100w = s * (Real odds - 1)l = sWhere,r = Oddsf = Fair odds v = Values = Stakep = Stake Percentage w = Potential Profitl = Potential losses b = Bank Rollo = Decimal odds t = Estimated win Probability c = Commission
The formula was developed by John Larry Kelly. The kelly strategy determines the capital percentage to be used in each bet/trade to maximize long-term growth. Free vegas slot games. Kelly Criterion was most commonly used by gamblers in horse racing. Later the strategy was applied to investing. Decide how much to bet when the odds are in your favor using this online kelly strategy sports betting calculator.
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The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! Configurable bonuses and consolations can be applied to relevant bets, enabling the calculation of the full expected return.
Large Accumulators and perms consisting of up to 20 selections are possible, with full support for each way bets (including equally divided), and bets affected by Rule 4, dead heats and joint favourites.
As well as calculating the return on your winning bets, the bet calculator can be used before you place your bet, to quickly compare how the return may be affected by different outcomes for each selection. For example, can you still make a profit if only two of your Lucky 15 selections win?
If you’re not sure which bet type to pick you can Compare Bet Types. This is an especially powerful tool when used in conjunction with the Maximum Total Stake setting, to equalise the stakes and ensure you stay within your spending limit.
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Although the Free Bet Calculator is quick and easy to use, even for complex bets, contextual help is available via the information buttons . New visitors may also find the detailed Betting Glossary and Help pages useful.
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