Can someone explain to me...

[_Punt_4THEE_Profit_]

The Kelly system of betting. I think I have the jist of it but how would it work on something like this; http://forum.punterslounge.com/f19/over-0-5-goals-long-term-papertest-121190/ Can you show me the calculations?Cheers.

[Shy10ck]

Re: Can someone explain to me... You need to estimate the winning probality to calculate Kelly stake. You only got odds and bank. The stake is relative to the value (odds x estimated probability) and to the size of the bank. From Wiki

where:

• f* is the fraction of the current bankroll to wager;
• b is the net odds received on the wager ("b to 1"); that is, you could win $b (plus the $1 wagered) for a $1 bet
• p is the probability of winning;
• q is the probability of losing, which is 1 − p.