Kelly's Progression

The professional's formula for optimal bet sizing.

Software Details

A utility for managing betting progressions based on the Kelly Criterion, helping you determine the optimal investment amount based on odds and perceived probability.

Video Tutorial

Main Features

  • Based on the professional Kelly Criterion formula.
  • Offers customizable low, medium, and high-risk profiles.
  • Tracks real-time stats for each risk profile.
  • Rejects bets below a minimum profitability threshold.
  • Dynamically adjusts bet sizes based on your bankroll.

Software information

How does the software work

  • Users must input the event odds and their perceived probability of success to receive a calculation.
  • The software calculates the optimal investment percentage (F) by balancing the odds against the probabilities of winning and losing.
  • The chosen risk profile (low, medium, or high) scales the calculated investment to match the user's personal risk tolerance.
  • After each bet, the system updates the bankroll, and subsequent bet recommendations are adjusted proportionally.
  • If the input probability is too low for the given odds, the system indicates that the bet is not profitable and suggests a zero investment.

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