My gift to The RX Forum: Kelly Calculator for Microsoft Excel

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Sheet 1: ML calculator
Sheet 2: 1x2 calculator (soccer)

Use at your own risk. Bankroll figure and everything in Yellow can (and should) be adjusted to suit your lines + bankroll size.
 

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go blue, im sure this is really cool, you mind explaining it to me
 

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go blue, im sure this is really cool, you mind explaining it to me

To determine the edge on your wager, you enter in the line either you (or a sportsbook) have capped in the first 2/3 yellow cells. In the ladder 2/3 yellow cells, you enter in the price you can get at your sportsbook. If the edge isn't negative, you should risk whatever Kelly Stake suggests, or even a fraction of that number to decrease Risk Of Ruin.

I threw Expected Return in there so you can track your Net Profit vs. Expected Return if you wish.
 

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