This is how the simplified Kelly looks. Following the Kelly criterion, the process of betting is closely connected to information theory (K elly Jr, 1956). 00 if it got heavy but he made very hard work of it in Group 3 company at York last time. e. The Kelly Criterion is a betting strategy created by J L Kelly, a scientific researcher, back in 1956. Kelly Criterion Formula. The paper is structured as follows. Horse Racing Tips: Rhys Williams fancies 50/1 Beauty to spring a surprise at Warwick;. 20 or 20% of their bankroll. Betting Strategies For Horse Racing Part 2: Kelly Criterion. The Kelly criterion is a money-management formula of passionate interest (and controversy) to card players, sports bettors, investors, hedge fund managers, and economists. — Gabe Prewitt of the Red Mile has been overseeing the start of the 2023 live racing season here at the. 8. It helps tells us the odds or likelihood of each outcome and helps us determine what size bet to place on each outcome. Kevin Blake's horse racing tips for Saturday come at Newmarket with a 33/1 each-way bet on The Very Man in the feature Cesarewitch Stakes and one in the 15:15 on the same cardNewbury - 14:25 - Back Rainbow Dreamer each-way @ 40/1 41. If 3 bets were made every week, it would takeThe calculator has 3 modes which you can use to do this. I don't have a strong betting opinion in the five-runner Voltigeur at 15:00, though I think layers of Gregory at around 5/4 2. LEXINGTON, Ky. it did not take long for the gambling community to further develop the formula to apply it to horse racing. Suppose you are betting on a horse race event at the Cheltenham Hurdle, and the odds offered for your horse in a race is 5. Three are three outcomes to the team game: Team1 wins. What is the Kelly Criterion formula? The basic Kelly Criterion formula is: (bp-q)/b. Second, notice that betting just a tiny bit more than the Kelly criterion suggests leads to decreased profits with higher risk . . Here’s. RaceQuant is a startup specializing in consulting for horse race betting. You think the horse has 50% of winning. Here is the Formula: f*= (bp-q)/b. This post is Part 2 of a series on the Kelly criterion and its application to sports betting. Completely Free Football Bet: Editor best bets including 18/1 Acca and 26/1 Bet Builder. 9st 8lbs. Kelly says that his edge is $0. Our bet increase will be 2% of that 25% profit ($250 x 2% = $5), so our previous bet amount of $20 will increase by $5, thus, $20 + $5 = a new bet size of $25. Ascot - Saturday 15:40 - Back Simca Mille. For sports bettors, the Kelly Criterion sports betting strategy is capable of maximizing potential profit, while minimizing both volatility and threat. The objective is to maximize the Kelly criterion, which is equivalent to maximizing the ex-pected logarithm of wealth. Today’s Betting Tips. a betting fund) over the long term by determining the optimal stake on a. Cricket. 66% of your bank. Put simply, the. These are bets where there is no one-to-one correspondence between the bets and the possible outcomes of the game. 75 in addition to your stake of $57. Horse Racing Tips: Moon to shine at Exeter in Monday 18/1 double ;. 55)-0. ) Of course, this begs the question: Why use the Kelly Criterion at all?The Kelly criterion, developed by John L. There are n horses in the race, and the probability of horse h winning is πh. However, in order to reach that conclusion, we must wager with a flat betting plan for a large number of bets. The best staking plan debate. When Morphettville first held racing in 1875, with the first race was won by a horse called “Red Gauntlet” owned by the Honourable Thomas Elder who had sold the land to the SAJC to create the Morphettville racecourse. Saturday Racing Tips: Tony Calvin says back 10/1 pair in Aintree's Grand Sefton;. If the dice bias were less, at 53%, the Kelly criterion recommends staking 6%. It can also be a. “The Las Vegas Grand Prix was the most bet F1 event. Kelly Criterion And Asset Management. The Kelly criterion is a mathematical formula that is used to take optimally sized bets and grow your capital at the maximum rate possible. 10. resource for various forms of investing too, as its primary. Premier League Opta Stats: 10 bets including 5/1 scorer tip and 5/1 Bet Builder at Stamford Bridge. T&Cs apply. This paper examines how the Kelly criterion, a strategy for maximizing the expected log-growth of capital through informed betting, can be applied to non-mutually exclusive bets. Volleyball Tips. 60) / 2 = 0. Kelly Criterion User Name: Remember Me? Password: Google Site Search: Get RDSS: Sartin Library: RDSS FAQs: Conduct: Register: Site FAQ: Members List: Today's Posts: Search: General Discussion General Horse Racing DiscussionRespected under a 4 lb penalty. Four staking plans are compared: full-Kelly, half-Kelly, quarter-Kelly and eighth-Kelly. What the Kelly Criterion does is help you decide the perfect level of stake by. 7 7/2 when they made their hurdling. One was the 'square root' plan whereby a base bet is established, say $20, and each bet you place is $20 plus the square root. “Fortune’s Formula” is the Kelly Criterion from J. When writing, prolific three-year-old Shaquille is set to go off the shortest-priced favourite for this race in the last ten years. RaceQuant enlisted our team to use machine learning to more accurately predict the outcome of horse races, to advise betting. resource for various forms of investing too, as its primary. The bettingexpert Academy introduces you to advanced betting theory including calculating implied probability, the kelly criterion and predictive modelling. 55)-0. With all the prior odds, the equation will add up to this: ( (4x 0. we will be breaking down everything you need to know about the Kelly criterion betting system and how you can use it to enhance your betting system and strat. Race 2 21:38 Hawthorne - Satiate. Example of the Kelly Criterion: Let’s say you have analyzed a game and determined that the underdogs have a 40% chance of winning, and their odds are +200 (3. Now live in 25 states, this. g. However, for any of those outcomes, there are only two outcomes to the gambler's bankroll: The gambler bet on the correct outcome of the team game. Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > Handicapper's Corner: Kelly CriterionIn horse racing, this is based on the player’s own handicapping of the race. More. Horse Racing Forum - PaceAdvantage. 50). If you bet less than 10%, you’re not taking full advantage of. Betfair have enlisted the help of the experts at Timeform to bring you the best ante-post analysis for the 2021 Cheltenham Festival (March 16-19). Satiate to repeat. 10 Ideas for Trifecta Profits (Part 1) The late Don Scott once wrote that the best form of exotic betting is the trifecta. Staking and the Kelly Criterion; Horse Racing Probability Advice; How to read a Horse race;Horse Racing Tips: One drifter and a chaser to back for 48/1 Monday double ; Horse Racing Tips and Predictions Paul Nicholls' Ditcheat Diary: Daryl Jacob to ride Bravemansgame in Saturday's. 10. Highfield Princess enjoyed remarkable success last. 33pts. 25 visually looked very smart when doing his best work at the finish over an inadequate five furlongs at Naas, backing up his ten-length demolition job on. Kelly Criterion was developed in 1956 by John L. Mode 2: You know the sharp bookmaker odds and soft bookmaker odds. In the seminal paper [5], Kelly considered repeated betting on horse races. The second is the approach of Markowitz’s Modern portfolio. Horse Racing Tips: Rhys Williams fancies 50/1 Beauty to spring a surprise at Warwick; Horse Racing Tips and Predictions Horse Racing Tips: Patrick right up our street for Dundalk 54/1 Wednesday. The average stride length across the horse population is 24. Kelly. Betfair, e-mail [email protected] on Kelly criterion and fractional Kelly strategy for non-mutually exclusive bets, published in Journal of Quantitative Analysis in Sports 19 on 2023-01-17 by Benjamin P. The Kelly Criterion was. In Section 2 we define the concept of a betting strategy. My first selection is Alligator Alley who currently props up the betting as. The main goal of the Kelly Criterion strategy is to maximise your profits and minimise the downside (risk associated with your betting). Horse Racing Tips: Moon to shine at Exeter in Monday 18/1 double ;. His original formulas dealt with long-distance telephone transmission signal to noise ratios. Kelly Criterion recommend risking 6% of your. The big man, City Of Troy, is still in the race though and he is the 1/2 1. 4 (40% chance of failure). at Bell Labs, is an optimal sizing of bets, given an initial pool of wealth, to maximize the doubling rate of wealth in a repeated bets scenario. 10. It is a formula created by John Kelly to bet with discipline and make sure to always protect yourself, rather than go for the home run each time. 25 =25%. Cricket. Licence Number: MGA/CL2/294/2006 12 March 2013, and for customers in the UK. b = the decimal odds – 1. The Kelly Criterion is a mathematical formula that helps investors and gamblers calculate what percentage of their money they should allocate to each investment or bet. Regarding traditional betting against bookmakers, on sports and horse racing, there is a lot of mythology and not much hard data on long-term success of professional gamblers. This post provides an introduction. 6 hours ago · He won over 7f from a mark of 73, but looked ahead of that mark with a dead straightforward performance. This project is a fork (offshoot) of the standard version (v2. Featured Horse Racing. Read his column and bet with Betfair!Benjamin P. Generally, in gambling scenarios (and some investing scenarios), the Kelly strategy will do better than any other strategy in the long run. The Kelly Criterion is a method of analyzing your odds and assigning a number to those odds. Make the most of horse racing. Horse Racing Tips: Dundalk duo look a solid pair for a Wednesday 50/1 double ; Horse Racing Tips and Predictions Horse Racing Tips: Rhys Williams fancies 20/1 ex-pointer on rules debut at Chepstow. ” Kelly Multiplier The Kelly Criterion: A mathematical formula relating to the long-term growth of capital developed by John Larry Kelly Jr. Kelly himself was an interesting character: a chain smoking Texan who used to be a fighter pilot in the Navy during World War 2, he was also brilliant researcher. Duhallow Tommy showed a fairly useful level of form in bumpers last season, opening his account in that sphere at the third attempt at Fontwell in January, and he. If the downside-case loss is less than 100%, as in the scenario above, a different Kelly formula is required: Kelly % = W/A – (1 – W)/B , where W is the win probability, B is the profit in the event of a win (20%), and A is the potential loss. I should warn an edge like that would require some serious inside info. The Kelly criterion is a mathematical formula relating to the long-term growth of capital developed by John L. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan Mifsud, St. evident from looking at the Kelly Criterion graph. These are bets where there is no one-to-one correspondence between the bets and the possible outcomes of the game. . This shows that according to the Kelly Criterion formula, you should stake 25% of the amounts you have set for betting. Horse Racing Tips: Let's have a disco in Wales with Ffos Las Sunday double; Horse Racing Tips and Predictions Auteuil Racing Tips: Native's stamina the key to first Grade 1 success; Horse Racing. . Horse Racing Tips and Predictions Horse Racing Tips: Rhys Williams fancies novice chaser to continue trainer's good form at Plumpton; Horse Racing Tips and Predictions Horse Racing Tips: Moon to. Claim one token. French Horse Racing Tips from the betting experts at betting. 48 B = 2-1 = 1. Kelly criterion staking approach aims to maximize your winning and protect your capital in losing runs. 8. poker in casino, horse racing, sport betting, an d so on, the odds . Kelly Criterion Formula. The Kelly criterion is one model of investment money management, but it’s not the only one. This means that you. How to use the Kelly Criterion calculator. What the Kelly Criterion does is help you decide the perfect level of stake by. Horse Racing Schedule; Harness Racing Schedule; Stakes Races Schedule; Kentucky Derby Prep Races; Racetracks; Odds. Glenn, and was bred in by . How to Use the Kelly Criterion Calculator. 40) / 1 = 0. Today, Warren Buffet and others use it for investing purposes. For any other Betfair-related queries, head to customer support. In his book Commonsense Betting, which is arguably the finest book written on the betting and the mathematics of horse-racing, US author Dick Mitchell wrote about various staking plans. Under few conditions, using Monte Carlo simulations with different scenarios we prove that the Kelly criterion beats any other approach in many aspects. Kelly’s Criterion also assumes that you can start again if your entire bankroll is lost . Rugby World Cup Quick Hits: South Africa and New Zealand to serve up classic final. The formula is as follows: f = the fraction of the bankroll to bet. Football. Ante-Post betting. 04. many horses; he assumed the track take to be zero. Before addressing your investment strategy, learn about the Kelly criterion and see if it’s a fit for you. Here are five tips to help you use the Kelly sports betting strategy more effectively. Criterion has raced at Ascot-GB, Caulfield-AUS, Randwick-AUS, Flemington-AUS, Moonee Valley. These two factors are then input into the Kelly Criterion equation. scientific gambling method ), is an effective strategy in every sense of the word. Patrick Weaver: "Bluestocking was beaten in a photo when favourite for a Listed race at Newbury. You are a corrupt telegraph operator, providing a ‘private wire’ service that transmits messages reporting horse racing results to anyone who can afford to pay you. Horse racing tips From Cork on Wednesday 16 September 2020. 80. 40)-0. The Kelly Criterion implies you should bet 22. The Kelly Criterion sprung from the work of John Kelly at AT&T's Bell Labs in 1956. 2$ and his odds are $1$ so you. Staking and the Kelly Criterion; Horse Racing Probability Advice; How to read a Horse race;The Kelly Criterion is a money-management formula that calculates the optimal amount you should bet when there’s a difference between the true odds and the given odds. Kelly Criterion Calculator Excel. If 3 bets were made every week, it would take The calculator has 3 modes which you can use to do this. To overcome the bookmaker's margin you need. The Kelly Criterion is comprised of two basic components. That is the heart of any. Completely Free Football Bet: Editor best bets including 18/1 Acca and 26/1 Bet Builder. This value should be a number between 0 and 100. Of course, the Kelly has also been adapted for other “bets,” including blackjack, sports betting, and playing the stock market. Horse racing - In-running; ↳ Bet Angel Automation - Horse racing - Pre off; ↳ Bet Angel Automation - General;Horse Racing Tips: Blackmore to get us rolling at Punchestown with Thursday multiple ;. The King George V Handicap (15:05) is always a very tough contest to decipher that is chock-full of promising three-year-olds with scope to improve over this longer. Tony Calvin has been in the racing and tipping business for over 25 years, encompassing a 12-year stint at the Racing Post and an 11-year spell as Head Of Media at Betfair. The online Kelly criterion calculator determines a recommended stake based on the prevailing odds and your estimated probability that the selection will win. We investigate the most popular approaches to the problem of sports betting investment based on modern portfolio theory and the Kelly criterion. This has been applied to various games, including horse racing. Total Performance Data have recorded his max stride at 26. And at Caesars, the race took the checkers from NASCAR, which has leaned hard into sports betting as a fan-engagement vehicle. Golf. This means that the. Jon has been sharing his professional expertise since 2009 and specialises in using objective data analysis and subjective experience of betting built up over more than a decade of professional betting. 45) – 0. ) Of course, this begs the question: Why use the Kelly Criterion at all?Kelly Criterion Calculator. For any other Betfair-related queries, head to customer support. 52 Q = 1-0. This value should be in decimal format (e. It helps tells us the odds or likelihood of each outcome and helps us determine what size bet to place on each outcome. , discovered the Kelly criterion in 1956 in New Jersey. In particular, it maximizes the expected growth rate and the. Introduction. All the more recently, the strategy has seen a renaissance, in response to claims that unbelievable investors Warren Buffett and. By three laps. Newmarket - 14:00 Saturday: No bet. Completely Free Football Bet: Editor best bets including 18/1 Acca and 26/1 Bet Builder. Vanessa Ryle, Tony Calvin Kevin Blake, Dan Barber and Barry Orr discussed all five glorious days of racing and covered everything you need to know from Tuesday's starting stalls to the finish line. Don said picking a trifecta winning bet was a test of skill rather than a game of chance. Horse Racing Tips and Predictions Horse Racing Tips: Bailey to score with Gwen in Thursday 14/1 double ; Horse Racing Tips and Predictions Daryl Carter's Tips: Hughes can get the best out of. Learn how much you need to stake with the help of our easy-to-use Kelly Criterion bet calculator!Horse Racing Tips: Rhys Williams fancies 50/1 Beauty to spring a surprise at Warwick; Horse Racing Tips and Predictions Horse Racing Tips: Patrick right up our street for Dundalk 54/1 Wednesday doubleYard seeking a fourth win in this since 2014. O. Timeform Radio Tips on Betfair. For any queries relating to Betting. KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock TradingThe Kelly Criterion calculation was created by Ed Thorp and made specifically to beat t. A ‘gambler with a private wire’ gets advanced word of the outcome of baseball games. This paper informative post shows the results of using Kelly criterion in a gamble of bidding T steps, and derives the relation of profits between using p and W/T as the winning probability in the Kelly formula, respectively. This is important, since in the latter case. Rugby World Cup Quick Hits: England to finish on high with Argentina win. In this article, I explain how I think you should properly use the Kelly criterion as applied to long. 5 which equals a stake of 16. The question arises because it is widely believed that the Kelly criterion is best for betting online, while, in fact, its use is appropriate only if our betting system has been actually. 1. You think the horse has 50% of winning. However, the coin is biased and has a 52% chance of ending up on heads. a. What Are Kelly Betting Systems?Four staking plans are compared: full-Kelly, half-Kelly, quarter-Kelly and eighth-Kelly. Based on the Kelly criterion, K% = (1 × 0. The Kelly Criterion was first published in 1956 by John L. xh is the amount we will wager on horse h, Oh is the decimal payout odds for horse h, which we assume are fixed, and w is our current wealth. The Kelly Criterion also works for horse race betting. In horse racing, this is based on the player's own handicapping of the race. The second is the total win loss ratio, which is made up of the total number of winning trades divided by the total number of losing trades. Italian Serie A. Place £20 worth of multiples over the course of a day, and, after the bets have settled, you'll get a free £5 to use on multiples. a. Licence Number: MGA/CL2/294/2006 12 March 2013, and for. 00 x 0. Horse Racing Tips: Kelly Criterion,horse racing tips,horse racing,racing tips,horse, racing, tips, Pages. The Kelly Criterion (a. 55) / 1. Correspondence Address: Triq il-Kappillan Mifsud, St. Betfair's star racing tipster Tony Calvin brings a full guide to Saturday's racing on ITV with four bets at prices from 6/1 to 20/1 at Newmarket, York and Ascot. Correspondence Address: Triq il-Kappillan Mifsud, St. 52 = 0. Soon after the paper was published the gambling community somehow came across it and found that it had potential as a perfect betting system for horse racing. Kelly described the optimal strategy for a single horse and gave an incomplete solution. Using the Kelly Criterion formula, we can calculate the optimal fraction of your bankroll to bet as: f* = ( (2. The horses rated in that sweet spot in this year's race amount to. In this paper, we provide a new approach to apply-ing the Kelly criterion to stock market investments. He was trained by David Hayes and Tom Dabernig and raced for Sir Owen G. With hand waving and basic math you can also use it to help guide your investment decisions. Sleep more. Jun 16, 2023 By Rebecca Martin Multiple strategies in the sports betting world claim to help bettors maximize their profits and manage their banks effectively. Multiples 2021 to present: +20. @tony_calvin will be live on our Twitter spaces this and every Saturday from 8am for a 30 min update show with @mccueryan12 chatting Going Updates Market Movers ITV Races and. One was the 'square root' plan whereby a base bet is established, say $20, and each bet you place is $20 plus the square root of any. Get a £5 Free Bet on Multiples - Every Day! Place £20 worth of Multiples or Bet Builders over the course of a day, and, after the bets have settled, you'll get a free £5 bet to use on Multiples. The Kelly Criterion helps you calculate the optimal amount you should wager when there is a difference between the true odds and the given odds at the. The Kelly Criterion. The formula takes into account the probability of winning a bet, the odds of the bet, and the bettor’s bankroll size. It’s ultimately designed to maximize profits and returns across sports betting and is becoming a staple for many when betting on soccer, NFL, and horse racing. We’ve developed a Kelly Criterion formula Excel spreadsheet that you can download here. 2022 Daily Racing Multiple Column singles to. 80. 30 June 2010. Kelly, Jr in 1956. Cricket. F = ( (1. Where a bet has two outcomes (either losing the stake or winning the stake multiplied by the odds offered by the bookmaker or casino), the Kelly bet is as shown in the formula above…. I would like to use Kelly Criterion but I do not manage to use it at more bets at the same time. And at Caesars, the race took the checkers from NASCAR, which has leaned hard into sports betting as a fan-engagement vehicle. Golf. For customers in the UK, TSE Malta LP is licensed and regulated by the Gambling Commission, Licence Number: 000-039561-R-319411-005. For the lone player betting on a single hand or horse, the Kelly formula demands guts and patience -- hence the controversy. evident from looking at the Kelly Criterion graph. Kelly, Jr in 1956. Cheltenham Festival: Expert Betting Advice & Predictions for the 2023 Cheltenham: Cheltenham Races Tips Cheltenham Betting Offers Horse Racing Expert Tips & Advice. We denote the fractions as b2Rn, so b 0 and 1Tb= 1, where 1 is the vector with allIn its simplest possible form, the Kelly Criterion states that, on an even money bet, the percentage of the bankroll to bet is: (Win probability x 2) - 1. K. With hand waving and basic math you can also use it to help guide. Betfair column. The underlying purpose of the reviewed modifications is to mitigate the. Kelly Criterion And Asset Management. Most only know a simplified version. You have an employee stationed at the local racetrack. The formula is therefore suggesting that 20% of the portfolio be stake 20% of your bankroll. In relation to sports betting, it’s. It was only after later that the formula was applied to investing. It is. Download our free and easy-to-use Kelly Criterion Calculator by downloading this excel. If you’re looking to maximize investment returns, perhaps you should think like a gambler. Register: Site FAQ: Members List: Today's Posts: Search: General Discussion General Horse Racing Discussion. But as always, the dots connect and your circle of competence will play a major role in determining the probabilities of. If I apply the Kelly Criterion based upon the historical odds of that factor 7/2, instead of true post odds, is that a valid way of applying Kelly? Furthermore, I created an Excel Spreadsheet to analyze my results, and based upon my Kelly formula, it says that I can bet 9. function is to create the right balance between risk and reward. The number of bets considered here should also be discussed. The Kelly Criterion only works if one has an advantage over the game they are playing. O. . e. He started life as data analyst in the digital marketing field before find his true calling in the world of Football and Horse Racing Betting. 71% of your capital, or $57. Recent. That’s exactly where the Kelly Criterion method of staking or bankroll management comes into play. România. Kelly Criterion – Part 2 – Derivation. Odds: 5,00. while working at AT&T's Bell Laboratories. This isn’t taking into account your odds, probability or perception of value. Based on this equation and outcome, you should only be wagering 10 percent of your bankroll on the proposed wager. Of course, the bracket has to be reduced in this year's race because of a lack of strength and depth. They wanted me to figure out a way to compute the Kelly criterion (see below) as a means to exponentially increase their pool of money over repeated bets. Horse Racing Tips: Moon to shine at Exeter in Monday 18/1 double ; More Horse Racing Tips. Fixed Odds & Multiples bets are placed with PPB Counterparty Services Limited which is licensed and regulated by the . Blackbow - 14:00 Naas. It is only by minimizing losses and maximizing wins that you can hope to become a profitable bettor. Minnis. The first of these is the probability of a positive outcome, or a winning trade. 00 being returned. 45)/ (2. The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. Charlie Deutsch. Get a completely free horse racing multiple bet and horse racing tips from Tony Calvin and more plus expert insight from Paul Nicholls and Ryan Moore. K. However, it can be complicated to use if you are not used to it. 0 in decimals, or a 20% implied probability of winning) at the Cheltenham Hurdle. Without this component, it is still possible to lose huge sums of money no matter how much research a bettor does. Premier League Opta Stats: 10 bets including 5/1 scorer tip and 5/1 Bet Builder at Stamford Bridge. function is to create the right balance between risk and reward. Horse Racing Tips: One drifter and a chaser to back for 48/1 Monday double ; Horse Racing Tips and Predictions Paul Nicholls' Ditcheat Diary: Daryl Jacob to ride Bravemansgame in Saturday's. The Kelly Criterion is a betting strategy created by J L Kelly, a scientific researcher, back in 1956. The 20/1 21. 50. The ultimate value betting calculator. It can also be a. 5pt EW) settled at BSP: +5. Royal Ascot - 15:40: Lay Bluestocking. Finally, I set myself a task to review the betting decisions I make and probabilities I assign. (You can turn a negative ROI into a positive one — at least in games of skill like horse racing — through greater education and better information. 1. Use the Right Formula. The calculator will tell you whether or not you should be betting and how much to stake. Many pro-bettors around the world recommend the use of the Kelly Criterion or a modified version of it. It was believed earlier that winning a bet is. Cricket. Kelly described. 2. While this was formulated around table games, it is a concept that can be. Timeform's Tony McFadden highlights a Nap, Next Best and Each Way selection at the Curragh on Sunday. 00 – 1) f* =0. Enter the odds, which represent the potential payout for winning the bet. It allowed gamblers to increase the size of their winnings over a long period of time. Daryl Carter's Tips: Chepstow, Warwick and Kempton all. There are two basic components to the Kelly Criterion. Draw. 8 – 0. 66% of your bank. 31% of your bankroll on Real Madrid. 00 – 1) f* =0. The Real Kelly) discussed in this @Pinnacle article The Real Kelly.