Kelly Criterion

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Does anyone have a link for a free download of the kelly criterion staking plan for windows XP?
 

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thanks for that - if someone could find it for me it would be great. I had a chart derived from the plan on my hard drive but a damn virus has corrupted evrything.
 

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I don't know exactly what you mean, but it's not difficult to make your own Kelly calculator. I am using Excel and that's fine for me

Optimal stake percent = (p*k-1)/(k-1)

Optimal stake percent = percentage from total funds
p = probability for event to happen (0-1)
k = decimal odds for event to win
 

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I am not a mathematician either, just using other people formulas. I'm using odds only in decimal formats, because it's simple that way. If you would like, I can make a calculator where you can input odds in American format, but i'll make it tomorrow. It's 11PM here and I'm heading to bed. I can use my time at the office to make it tomorrow
 

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decimal format is best for me - if you could send me that it would be great
 

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Well, I made new one in both formats. This is just a very simple calculator. If you would like to use American format sheet and it seems like it doesn't work, you probably have to change all: , to ; from column B4

=IF(B3<0,ROUND(1+100/ABS(B3),2),(B3+100)/100)

to

=IF(B3<0;ROUND(1+100/ABS(B3);2);(B3+100)/100)

Lets see does this attachment option work
 

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  • Kelly.xls
    13.5 KB · Views: 56

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many thanksthe values i had before looked slightly different - so i guess i had an adjusted form
 

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Sorry guys. I should have done this Kelly calculator after I have had slept for a while. Formula is incorrect.

Corrected version here:



 

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  • kelly.xls
    13.5 KB · Views: 43

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