- Bankroll Calculator Sports Betting Calculator
- Bankroll Calculator Sports Betting Odds
- Bankroll Calculator Sports Betting Sites
- Sports Betting Bankroll Calculator
Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back. If you decide on 1%, you are betting $10 for a $1000 bankroll. If your bankroll is at $1250, you're placing a $12.50 bet. Proportional Staking Variant: Kelly Criterion. Bet size = Bankroll. (Odds. Probability of success – 1) / (Odds – 1) Kelly Criterion is a lot more complex, hugely popular with top tier elite sports bettors. In sports betting, the same can be said. As our bankroll grows, so does the amount we wager per play. If we are in the midst of a losing streak, we may wager less per play and have our bankroll sustain longer. Solid bankroll management is a key component to becoming a profitable sports handicapper. Bankroll management is more than simply quitting while you're ahead – placing regular sports bets requires as much hard work and forethought as running a business. After all, the important part of placing sports wagers is your return on investment, also known as ROI. This sports betting calculator works out your ideal stake for 15 different bet options on simultaneous events, or 15 mutually exclusive outcomes of a single event. It allows sports bettors to.
Bookmakers don't take wagers as some kind of public service, they do it because it's a profitable line of business. Why is it so profitable? Well, it's ultimately because they're the ones that get to set the odds, which allows them to effectively build in a profit margin on every wager they take in.
The bookmakers' advantage CAN be overcome though. Successful sports bettors are typically very knowledgeable about the sports they bet on and about all the strategy involved in betting too. They know that they have to work very hard to be successful, and they're not afraid to put that hard work in. Best of all, they recognize the importance of managing their money correctly.
Money management is arguably the single most important skill required to be a successful sports bettor. This skill is more commonly referred to as bankroll management, and in this article we're going to teach you all about it. We start by explaining what's involved, and then highlight its importance by detailing the benefits it has to offer. We also look at the dangers of poor bankroll management, and offer some useful advice for managing a bankroll effectively. This advice includes details of the various staking plans that can be used.
Before we continue, we need to make one point very clear. Please don't think that bankroll management is only important for those who are specifically trying to make a profit from their sports betting. It's important for ALL sports bettors, regardless of whether they bet primarily for profit or primarily as a form of entertainment. Poor money management not only decreases your overall chances of making a profit, but it also increases your chances of having an unpleasant experience.
How does the Kelly criterion calculator work?
By entering your bankroll, the odds and your estimated probability of winning, the Kelly Criterion calculator will tell you how much you should wager on a certain event to maximise your value and profit.
Use the Kelly Criterion Calculator here
| 0.1 | 0.2 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.9 | 1 |
Bankroll Calculator Sports Betting Calculator
According to the Kelly criterion, you should place a wager of approximately 1.18% of your account balance on this selection.
Bankroll Calculator Sports Betting Odds
After applying the fractional Kelly value of 0.04, this adjusts to a wager of approximately 1.71% of your account balance.
Based on your account balance of $1,000, this equates to a wager of $11.76.
The expected value of this wager is approximately $11.76*[(0.68)(0.60) + (-1)(0.4)] = $0.09, which equates to a 0.80% return on the funds wagered.
The Kelly criterion returned a value of -0.0061.
After applying the fractional Kelly value of 0.0, this adjusts to -0.0061 of your account balance.
Because this number is below 0 you should not back the selection at the available odds.
Bankroll Calculator Sports Betting Sites
By entering your bankroll, the odds and your estimated probability of winning, the Kelly Criterion calculator will tell you how much you should wager on a certain event to maximise your value and profit.
Use the Kelly Criterion Calculator here
| 0.1 | 0.2 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.9 | 1 |
Bankroll Calculator Sports Betting Calculator
According to the Kelly criterion, you should place a wager of approximately 1.18% of your account balance on this selection.
Bankroll Calculator Sports Betting Odds
After applying the fractional Kelly value of 0.04, this adjusts to a wager of approximately 1.71% of your account balance.
Based on your account balance of $1,000, this equates to a wager of $11.76.
The expected value of this wager is approximately $11.76*[(0.68)(0.60) + (-1)(0.4)] = $0.09, which equates to a 0.80% return on the funds wagered.
The Kelly criterion returned a value of -0.0061.
After applying the fractional Kelly value of 0.0, this adjusts to -0.0061 of your account balance.
Because this number is below 0 you should not back the selection at the available odds.
Bankroll Calculator Sports Betting Sites
What is the Kelly Criterion?
Sports Betting Bankroll Calculator
The Kelly Criterion is a method by which you can used your assessed probability of an event occurring in conjunction with the odds for the event and your bankroll, to work out how much to wager on the event to maximise your value. By inputting the odds, the probability of the event occurring and your betting balance, you will be able to determine the amount you should wager on the event. The fractional Kelly betting input is a way to change how aggressive or conservative you are with your wagering (1 being the standard and moving towards 0 the more conservative you wish to be with your wagering). Ultimately, the Kelly Criterion calculator, if you are accurate with your assessed probability should increase your value and profit over a long-term period.
