Kelly Criterion Calculator
Odds Format
Kelly Multiplier
Odds
Win Probability
$
How To Use Our Kelly Criterion Calculator
Our tool helps you effectively manage your sports betting bankroll and determine the optimal wager size. The Kelly Criterion strategy is essential for making informed betting decisions by minimizing risk and maximizing your potential returns.
Why Use Bet Hero's Kelly Criterion Calculator?
Managing your bankroll is the cornerstone of successful sports betting. Recklessly betting large portions of your bankroll can lead to significant losses, even if the odds seem to be in your favor. The Kelly Criterion provides a calculated approach, telling you exactly how much to bet based on your edge and the current odds offered by the sportsbook.
Steps
1. Select the Kelly Multiplier: We recommend adjusting it to no more than 0.5.
2. Enter the Bookmaker's Odds: Input the odds provided by your sportsbook.
3. Input the Fair Win Probability: Determine your estimated probability of winning the bet. This can be calculated using market odds from a no-vig calculator or derived from your own analysis.
Our tool helps you effectively manage your sports betting bankroll and determine the optimal wager size. The Kelly Criterion strategy is essential for making informed betting decisions by minimizing risk and maximizing your potential returns.
Why Use Bet Hero's Kelly Criterion Calculator?
Managing your bankroll is the cornerstone of successful sports betting. Recklessly betting large portions of your bankroll can lead to significant losses, even if the odds seem to be in your favor. The Kelly Criterion provides a calculated approach, telling you exactly how much to bet based on your edge and the current odds offered by the sportsbook.
Steps
1. Select the Kelly Multiplier: We recommend adjusting it to no more than 0.5.
2. Enter the Bookmaker's Odds: Input the odds provided by your sportsbook.
3. Input the Fair Win Probability: Determine your estimated probability of winning the bet. This can be calculated using market odds from a no-vig calculator or derived from your own analysis.