Quote:
Originally Posted by Parson
I was hoping someone can assist me with the Kelly bankroll mgt formula?
If I have a win rate of 37.5% and an average mutual payout of $8.20 or 3/1. What is the smart bet to maintain bankroll. Above numbers are for illustration only, I ran the above numbers on this calculator, https://www.albionresearch.com/kelly/default.php, and it is said not a profitable wager, the odds were against me. Im confused, If I make 100 bets and hit 37 at an average of 8.00, that is 296.00 returned for a 200 stake. What am I doing incorrect? |
Hey Parson,
Yes, I saw that when you put the odds in as 3 to 1 it gives all of the explanation as to why it's in your favor but when you put it in as 1 to 3, they way the say you should do it, it says odds are against you with no explanation as to why
They should give an explanation as to why the odds are not in your favor
