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Kelly Criterion calculator that Incorporates possibility of Refunds/Special Offers


NoFear

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I am using kelly criterion (actually half-kelly to avoid overbetting) to get my optimal bet size and was wondering if anyone had a link to a calculator or a spreadsheet which allows me to incorporate special offers and hence bet accordingly. I guess getting this done would not be hard on excel - http://www.aussportsbetting.com/2010/07/26/kelly-criterion-possibility-of-a-refund/ Just was wondering if there was something already out there so I will save some time. I am sure I saw a spreadsheet going around. Until now this calc was sufficient http://www.bettify.com/tools/kelly but now I would like to take advantage of a few refunds and offers if I can.

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