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October 19th, 2014, 02:09 AM   #1
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Kelly Criterion for simultaneous events

Hello,

I really need some help...
I am not a mathematician (I am a professionnal tennis bettor) and I have great difficulties to understand and put in practice in excel the results of this very interresting paper (if you don't want to bother with registration you can download it directly from here) about the Kelly Criterion for simultaneous events.

Here is my case:

I make tennis bets using a fractionnal Kelly strategy (fraction = 60%).

1st question) Are the results of this paper applicable to Fractionnal Kelly (I didn't even manage to understand that!)


I have a fairly good idea about my edge on each bet. Now during a typical day I will make several bets at various hours of the day. Naturally, when I make a bet, I usually still have many other unsetteled bets. Hence,

2nd question) Most of my bets are not strictly speaking simultaneous they are just bets while other bets are unsettled. Is this an issue to apply those logarithms?


For my betting, I use an excel calculator. My inputs are : the odd of the bet, my edge, the kelly fraction, my bankroll, and my output is the $ amount I should bet.

3rd question) I think I vaguely managed to locate the algorithms in the paper (they are in page 7 aren't they?) but how to translate them into a working excel formula?

Thanks a lot to anyone who'll take the time to read this paper and help me!
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February 13th, 2015, 05:19 PM   #2
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Download link doesn't work...
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February 13th, 2015, 08:53 PM   #3
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Don't lose any sleep over it...thread is 4 months old...
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December 29th, 2016, 03:42 PM   #4
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AdvancedBetCalc.com
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