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 December so far for £10 each would have returned £1033.91 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

Table for Horse Racing in December

 Name W/L Profit £
1 Superted Horse Racing  4/14 +245.00
2 Hicko65 Horse Racing  7/11 +220.75
3 Pointage Horse Racing  2/4 +200.00
4 The Chief Horse Racing  6/8 +183.70
5 Market Movers Horse Racing  10/27 +174.00
6 Eagle Eyes Horse Racing  7/10 +81.63
7 WhippaSnappa Horse Racing  2/3 +73.75
8 Kalatari Horse Racing  2/14 +50.00
9 BVSystemBets Horse Racing  6/15 +21.63
10 HorseLays Horse Racing  4/1 +11.00
The stake for each tip is 10 units

Table for Footy & Tennis in December

 Name W/L Profit £
1 Footy Movers Football  6/7 +125.00
2 Bet Monkey Football  2/3 +37.00
3 Holy Grail Football  2/4 +27.00
4 ColdGold Football  4/1 +21.70
The stake for each tip is 10 units

BetVictor - Best Odds


BetVictor are a must have bookmaker.
They are always at the top of the market
and often have the best odds particularly
on football and horse racing



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