Simple Kelly Calculator

The Kelly formula or Kelly Criterion as it's often known is a mathematical formula for working out the optimum amount of money to stake on a bet to maximise the growth of your funds. You can read more about how it works in this Kelly Criterion Wikipedia article.

Usually, the bigger your edge on the odds the more you should bet but Kelly also takes into account the real chance of that bet winning and Kelly would advise a smaller bet for a 5% edge at even money (2.0) than a 5% edge at 1/3 (1.33).    



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The actual formula for Kelly Staking is below:

((odds-1) * (percentage estimate))  -  (1-percent estimate)     /    (odds-1)         X        100

*Your percentage estimate must be expressed as a decimal e.g. 70% will be 0.7

 

E.g. - Odds of 1.58 with estimated 70% chance

= ((0.58*0.7 – (1-0.7))  /   0.58)    x  100

= (0.106/0.58)   x   100

=18.28%
                         

Bulletin Board

***Backing every tip from our Tipster Table in February so far for £10 each would have returned £2582.73 profit!***

Remember that this is just a guide to the overall peformance of the board and much better returns are possible by following only the very best tipsters.

You can subscribe to our 4 and 5 star tipsters for just £24.99 a month (80p a day).

Click here to start making a profit from our tips.

*NEW! You can now try our 4 and 5 star tipsters free for 1 month! Find out more by clicking here

To maximise long term profits follow our premium tipster service Tipwise to advised stakes.

Table for Horse Racing in February

 Name W/L Profit £
1 Kalatari Horse Racing  13/45 +745.00
2 Pointage Horse Racing  20/81 +371.29
3 TheNap Horse Racing  5/31 +365.50
4 Tipwise Horse Racing  11/14 +218.75
5 Market Movers Horse Racing  12/48 +218.00
6 The Chief Horse Racing  14/60 +210.35
7 Hicko65 Horse Racing  22/67 +160.50
8 Pinpoint Horse Racing  14/71 +147.50
9 Dynamite21 Horse Racing  27/37 +132.86
10 WhippaSnappa Horse Racing  8/16 +104.25
The stake for each tip is 10 units

Table for Footy & Tennis in February

 Name W/L Profit £
1 Bet Monkey Football  11/15 +164.60
2 Footy Movers Football  8/17 +80.50
3 Holy Grail Football  16/39 +70.20
4 Alcuni Football  10/12 +69.80
5 ColdGold Football  8/1 +63.30
6 AntaeusTen Tennis  6/4 +43.30
7 Brian Football  2/2 +40.00
8 HG-AHCaps Football  11/9 +18.10
9 Sharpy Football  4/4 +11.20
10 DMCooper Football  3/1 +5.00
The stake for each tip is 10 units

BetVictor - Best Odds


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They are always at the top of the market
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