The equation tells you exactly how much to bet on each “hand” so that you can survive to keep playing. Monthly Breakdown. A ‘gambler with a private wire’ gets advanced word of the outcome of baseball games. If you are going to place for example 100$ on these two games, you should use 4/6 = 66,7 % = £67 on game 1 and 2/6 = 33,3% = £33 on game 2. Kelly. 75 in addition to your stake of $57. 00 in decimal odds). In his book Commonsense Betting, which is arguably the finest book written on the betting and the mathematics of horse-racing, US author Dick Mitchell wrote about various staking plans. 2023 Daily Racing Multiple Column singles to 1pt stake (0. 50), and our new target bankroll is $1562. Daryl Carter's Tips: Chepstow, Warwick and Kempton all. 5 Ways to Grow Your Bankroll in 2019! By Ray Wallin. 5 if you want to wager 50% of the stake recommended by the Kelly. Well, duh, the title is The Kelly Criterion in Blackjack, Sports Betting and Stock Market. 0= 1. Saturday Racing Tips: Tony Calvin's three new bets for Betfair Chase Day up to 12/1;. , a physicist and information theorist who worked at AT&T’s Bell Laboratories. Defining what race reading is. So, our new starting bankroll is $1250, our new target profit equals $312. You think the horse has 50% of winning. The famous Kelly betting criterion (Kelly, 1956), which maximizes a logarithmic utility function, is widely used to choose s. We will show why that holds, but our main goal is to explain the full version. This is a mathematical formula which tells you how much to bet in any given situation. I don't have a strong betting opinion in the five-runner Voltigeur at 15:00, though I think layers of Gregory at around 5/4 2. The paper is structured as follows. I was thinking of creating a spreadsheet to help me at the track but why do that if someone already has this. O. 50 ($1250 + $312. The Kelly Criterion helps you calculate the optimal amount you should wager when there is a difference between the true odds and the given odds at the. forms of gambling, including sports betting. For standard Kelly betting, set the fractional Kelly betting value to 1. Kelly Criterion recommend risking 6% of your. Of course, the bracket has to be reduced in this year's race because of a lack of strength and depth. Staked: 249pts Returns: 459. Mode 1: You know the true probability of an outcome and the soft bookmaker odds. There are n horses in the race, and the probability of horse h winning is πh. Here’s. 40) / 1 = 0. The number of bets considered here should also be discussed. Named after its inventor, John L. It’s ultimately designed to maximize profits and returns across sports betting and is becoming a staple for many when betting on soccer, NFL, and horse racing. This is of paramount importance. If we replace them in the formula, here’s what you get. Betfair International Plc is licensed and regulated by the . , discovered the Kelly criterion in 1956 in New Jersey. Without this component, it is still possible to lose huge sums of money no matter how much research a bettor does. 1) Regardless of what you make the chance of the horse, 60%, 50%, 40% , 30% if the odds on offer are 4/1 your stake is 20 points. Just as it is for sports bettors, poker players or horse racing bettors, following a practical money management plan is one of those things. Six-year-olds have won 11 of the 17 renewals which is clearly, a significant trend. If the bet is successful, the bettor would win £36 for every £20 wagered. When writing, prolific three-year-old Shaquille is set to go off the shortest-priced favourite for this race in the last ten years. THE KELLY CRITERION IN BLACKJACK, SPORTS BETTING, AND THE STOCK MARKET by Edward O. If the dice bias were less, at 53%, the Kelly criterion recommends staking 6%. Subsequent to being distributed in 1956, the Kelly criterion was gotten rapidly by players who had the option to apply the formula to horse racing. Although it may appear confusing, it’s actually pretty simple. Kelly Criterion Calculator Excel. Betfair have enlisted the help of the experts at Timeform to bring you the best ante-post analysis for the 2021 Cheltenham Festival (March 16-19). If you’re looking to maximize investment returns, perhaps you should think like a gambler. The Kelly Criterion – also known as the Kelly Strategy or Kelly Staking Plan – takes elements from fixed, percentage and progressive staking to create somewhat of a hybrid. The question arises because it is widely believed that the Kelly criterion is best for betting online, while, in fact, its use is appropriate only if our betting system has been actually proved profitable. Let us recall the basic elements of Kelly's horse race model []. Horse Racing Tips and Predictions Daryl Carter's Tips: 4/1 Fry up some Ree Okka on Monday;. 16) of our free Excel betting tracker. Patrick Weaver says: "Willie Mullins' Vauban is favourite 3. Rugby World Cup Final. These two factors are then input into the Kelly Criterion equation. 40)- 0. 45)/ (2. The standard kelly betting is 1. This post provides a simple derivation of the Kelly criterion, which will hopefully provide additional insight. For any other Betfair-related queries, head to customer support. The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. Staking and the Kelly Criterion. You may like. B = 1 (decimal odds of 2. Download our free and easy-to-use Kelly Criterion Calculator by downloading this excel. I would like to use Kelly Criterion but I do not manage to use it at more bets at the same time. You need to input the probability (according to your own assessment) that your selection will win. This means that the bettor should wager 20% of their bankroll on Liverpool to win. Its discoverer was John Larry Kelly, Jr . Simply input your betting bankroll, the odds on offer, your. In relation to sports betting, it’s. 40) / 1 = 0. 25 =25%. If you want to be more conservative than the Kelly criterion, enter a value less than 1 (e. TBM incorporates Race Card data for UK/IRE Horse Racing and UK Greyhound Racing. Highfield Princess enjoyed remarkable success last. Cheltenham Festival: Expert Betting Advice & Predictions for the 2023 Cheltenham: Cheltenham Races Tips Cheltenham Betting Offers Horse Racing Expert Tips & Advice. But as always, the dots connect and your circle of competence will play a major role in determining the probabilities of. This paper examines how the Kelly criterion, a strategy for maximizing the expected log-growth of capital through informed betting, can be applied to non-mutually exclusive bets. com. 5) – 60)/2) = 16% of your bank. B = the Decimal odds -1 P = the probability of success Q = the probability of failure (i. Place £20 worth of multiples over the course of a day, and, after the bets have settled, you'll get a free £5 to use on multiples. Published in 1956, the Kelly Criterion was quickly adopted by gamblers for use in horse racing. Subsequent to being distributed in 1956, the Kelly criterion was gotten rapidly by players who had the option to apply the formula to horse racing. 40) / 1. Football. Downloadable (with restrictions)! This paper examines how the Kelly criterion, a strategy for maximizing the expected log-growth of capital through informed betting, can be applied to non-mutually exclusive bets. Introduction. 8. RaceQuant is a startup specializing in consulting for horse race betting. By E. , -200 odds and shorter) because the Kelly Calculator struggles with “sure things. Thirsk - 15:10 - Back Granny B. In other words, according to the Kelly Criterion, in this case, football lovers should stake 0. xh is the amount we will wager on horse h, Oh is the decimal payout odds for horse h, which we assume are fixed, and w is our current wealth. The Kelly criterion is a mathematical formula that is used to take optimally sized bets and grow your capital at the maximum rate possible. O. At some point, the newest Kelly Standards calculator, while you are exact together with your examined probability is always to improve your well worth and funds over an extended-identity several months. . 50 (or 5/2 with an implied probability of 28. You can read more about how it works in this Kelly Criterion Wikipedia article. 00. Kelly’s base assumption that 100% of capital can be allocated to a single bet necessitates that the formula is naturally cautious when sizing a position that has potential loss. However, for any of those outcomes, there are only two outcomes to the gambler's bankroll: The gambler bet on the correct outcome of the team game. 45) – 0. Timeform's Tony McFadden highlights a Nap, Next Best and Each Way selection at the Curragh on Sunday. Horse racing tips From Cork on Wednesday 16 September 2020. Determine whether. Venera. function is to create the right balance between risk and reward. Premier League Opta Stats: 10 bets including 5/1 scorer tip and 5/1 Bet Builder at Stamford Bridge. Such an outcome may apply to blackjack and horse racing, but rarely to capital markets investments. ALAN DUDMAN'S P & L. In his book Commonsense Betting, which is arguably the finest book written on the betting and the mathematics of horse-racing, US author Dick Mitchell wrote about various staking plans. Before addressing your investment strategy, learn about the Kelly criterion and see if it’s a fit for you. If a fully Kelly stake was 8%, then the half-, quarter- and eighth-Kelly stakes would be 4%, 2% and 1% respectively. Back Test your. Cricket. The Kelly Criterion is a recognized money management system used extensively in horse and sports betting, and in the stock market. Previously he had competed in a couple of good races at York and his trainer Geoff Oldroyd. 50. Kelly Criterion Formula. If 3 bets were made every week, it would takeThe calculator has 3 modes which you can use to do this. This paper examines how the Kelly criterion, a strategy for maximizing the expected log-growth of capital through informed betting, can be applied to non-mutually exclusive bets. 31% of your bankroll on Real Madrid. 00. 82pts. With hand waving and basic math you can also use it to help guide your investment decisions. [Read more…] about The Kelly Criterion Staking Method Explained. Golf. 25 so an edge of 25% divided by 1. So if the chance of winning on a single bet is 80%, the bettor should wager 60% of one’s bankroll. The bettingexpert Academy introduces you to advanced betting theory including calculating implied probability, the kelly criterion and predictive modelling. Completely Free Football Bet: Editor best bets including 18/1 Acca and 26/1 Bet Builder. Kelly Criterion was developed in 1956 by John L. Minnis. Golf. Then, you divide 0. Use the Right Formula. What the Kelly Criterion does is help you decide the perfect level of stake by. The Kelly Criterion – also known as the Kelly Strategy or Kelly Staking Plan – takes elements from fixed, percentage and progressive staking to create somewhat of a hybrid staking plan. Kelly betting can be applied to Blackjack with a high degree of certainty in the calculated probabilities. Monks Dream started at 150/1 and never figured on his debut in a big-field novice event at York on his debut in October, but he attracted. It is a formula created by John Kelly to bet with discipline and make sure to always protect yourself, rather than go for the home run each time. Football. Betfair, e-mail Copy@betfair. It can also be a. I wouldn't like to be laying Hamish at 100/1 101. You are here: Home >> Beginner’s Guide >> The Kelly Criterion Once a decision is has been made to wager money on an event, the next decision is to choose how much of your account balance to wager. There's no need to spend hours crunching Kelly Criterion numbers anymore. The formula was derived by J. RaceQuant enlisted our team to use machine learning to more accurately predict the outcome of horse races, to advise betting. By three laps. A more general problem was considered in. This post provides an introduction. L. 8 – 0. 00. Completely Free Football Bet: Editor best bets including 18/1 Acca and 26/1 Bet Builder. function is to create the right balance between risk and reward. If 3 bets were made every week, it would take The calculator has 3 modes which you can use to do this. It means your implied probability is 0. K. I should warn an edge like that would require some serious inside info. You then multiply 2 and 0. Bettors, particularly those betting on events with high levels of variance like Horse Racing tend to lean to the cautious side and divide the amount the criterion suggests by three or four up to 20 or 25 depending on swings. Completely Free Football Bet: Editor best bets including 18/1 Acca and 26/1 Bet Builder. An AT&T’s Bell Lab scientist and researcher, John Larry Kelly Jr. Odds: 5,00. ALAN DUDMAN'S P & L. Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > Handicapper's Corner: Kelly CriterionThe Kelly Criterion is a mathematical formula that can be used to determine the optimal amount of money to bet on an event based on the bettor’s perceived edge or advantage. The Kelly Criterion is a betting strategy created by J L Kelly, a scientific researcher, back in 1956. Kelly gambling problem, and relate it to classical Markowitz portfolio optimization. Here’s what the variables in the Kelly Criterion formula look like based on these conditions. Use this if you have a crystal ball that tells you the true probabilities. f = 0. Find out who the traders are afraid of this Festival. This type of situation is common in horse racing, where multiple types of bets are available for a. Enter the probability (%), which represents the likelihood of winning the bet. Kelly’s Criterion also assumes that you can start again if your entire bankroll is lost . Race 2 21:38 Hawthorne - Satiate. a. evident from looking at the Kelly Criterion graph. Betfair, e-mail [email protected] on Kelly criterion and fractional Kelly strategy for non-mutually exclusive bets, published in Journal of Quantitative Analysis in Sports 19 on 2023-01-17 by Benjamin P. For any other Betfair-related queries, head to customer support. Euro 2024 Qualifier Tips: Seven of the best bets from Saturday's matches. 5/2. 2 or 20%. Sleep more. More Horse Racing. Horse Racing Forum - PaceAdvantage. That’s exactly where the Kelly Criterion method of staking or bankroll management comes into play. Wednesday - Windsor Castle: Back Barnwell Boy. How to Use the Kelly Criterion Calculator. the optimal strategy for a single horse and gave an incomplete solution to the problem with. Golf. The formula compares that probability with the odds available, and adjusts the stake accordingly for maximum profitability. He started life as data analyst in the digital marketing field before find his true calling in the world of Football and Horse Racing Betting. 10. Netherlands v Republic of Ireland: Both teams to score as ROI promise to have a go. It's most useful to determine the size of a position you should take. Kelly Staking is in its simplest form, your edge divided by the fractional price your’re backing at. Here are five tips to help you use the Kelly sports betting strategy more effectively. 8 – 0. WITH KELLY. Horse Racing Tips and Predictions Horse Racing Tips: Gordon set for winners in Fontwell Saturday 8/1 double ; Horse Racing Tips and Predictions Horse Racing Tips: Rhys Williams fancies 22/1 Bird. 0 in decimals, or a 20% implied probability of winning) at the Cheltenham Hurdle. Timeform Radio Tips on Betfair. By inputting the odds, the probability of the event occurring and your betting balance, you will be able to. It is a formula created by John Kelly to bet with discipline and make sure to always protect yourself, rather than go for the home run each time. provide sports betting tips, news and analysis for Australian punters. In addition, betting with the Kelly Criterion may occasionally be worse than constant betting even after several thousand bets. Applying the Kelly criterion without. If the dice bias were less, at 53%, the Kelly criterion recommends staking 6%. These are bets where there is no one-to-one correspondence between the bets and the possible outcomes of the game. (You can turn a negative ROI into a positive one — at least in games of skill like horse racing — through greater education and better information. Horse Racing Tips: One drifter and a chaser to back for 48/1 Monday double ; Horse Racing Tips and Predictions Paul Nicholls' Ditcheat Diary: Daryl Jacob to ride Bravemansgame in Saturday's. You think the horse has 50% of winning. 89% of my bankroll on any race (still using the Pace of Horse factor). We define the problem setting, the formal investment strategies, and review their common modifications used in practice. It allowed gamblers to increase the size of their winnings over a long period of time. For sports bettors, the Kelly Criterion sports betting strategy is capable of maximizing potential profit, while minimizing both volatility and threat. 5pt EW) settled at BSP: +5. 45)/1=0. We define the problem setting, the formal investment. Make the most of horse racing. T&Cs apply. g. By using the Kelly Criterion, you can maximize your profits while minimizing your risk of ruin. Premier League Opta Stats: 10 bets including 5/1 scorer tip and 5/1 Bet Builder at Stamford Bridge. Team2 wins. L. k. “The Las Vegas Grand Prix was the most bet F1 event. Horse Racing Tips: Moon to shine at Exeter in Monday 18/1 double ;. Blackbow was ultimately only fifth in a two-mile-five-furlong handicap chase at the Dublin Racing Festival, but he looked set to make a much bigger impact for most of. Mode 2: You know the sharp bookmaker odds and soft bookmaker odds. If the downside-case loss is less than 100%, as in the scenario above, a different Kelly formula is required: Kelly % = W/A – (1 – W)/B , where W is the win probability, B is the profit in the event of a win (20%), and A is the potential loss. Kelly Criteria was developed in 1956 by John L. 10st 9lbs. A simplified definition would describe this method. F = ( (1. Kelly Jr. It helps tells us the odds or likelihood of each outcome and helps us determine what size bet to place on each outcome. Usually, the bigger your edge on the odds the more you should bet but Kelly also takes into account the real chance of that bet winning and Kelly would advise a smaller bet for a 5% edge at even money (2. Multiples 2021 to present: +20. The Kelly Criterion is comprised of two basic components. " 15:45. 8. Ahead of race day revisit some great memories and test your knowledge by taking the Betfair Chase Quiz. However, in order to reach that conclusion, we must wager with a flat betting plan for a large number of bets. Two main concepts in wagering, Kelly criterion and hedging, will be discussed in Chapters 7 and 8. We’ve along with set up a. Choose your own Horse Racing bet to boost by claiming a MyOddsboost token. Tony McFadden. while reducing volatility. . 1-p) The Kelly Criterion works by analyzing the probability of each horse winning the race and determining the optimal amount of money to bet on each horse. Join Betfair and Bet £10 Get £30 in free bets!Football. Kelly Criterion. Brechin Castle (Ire) B. Criterion has raced at Ascot-GB, Caulfield-AUS, Randwick-AUS, Flemington-AUS, Moonee Valley. The Kelly Criterion is comprised of two basic components. The Kelly criterion was used by horse racing gamblers in the late 1950s. 50). Jun 16, 2023 By Rebecca Martin Multiple strategies in the sports betting world claim to help bettors maximize their profits and manage their banks effectively. Horse racing - In-running; ↳ Bet Angel Automation - Horse racing - Pre off; ↳ Bet Angel Automation - General;Horse Racing Tips: Blackmore to get us rolling at Punchestown with Thursday multiple ;. Horse Racing; Sports; Strategy; Tools; Punting Stars. 20 or 20% of their bankroll. Kelly Criterion in detail Introduction; Big-O and little-o; Average Rate of Return;. The Kelly Criterion only works if one has an advantage over the game they are playing. Add your expected win probability for the selection you have chosen in the cell called “Win Probability”, using values between 0% and 100%. 04. The ultimate value betting calculator. For any queries relating to. q = 0. Cricket. Many have found the "half Kelly". 55×1-0. Following the Kelly criterion, the process of betting is closely connected to information theory (K elly Jr, 1956). Rugby World Cup Quick Hits: South Africa and New Zealand to serve up classic final. Racing. Kevin Blake is a horse racing pundit who works with ITV Racing, Sky Sports Racing and At The Races, as well as writing his regular Betting. Horse Racing Tips and Predictions Daryl Carter's Tips: 9/4 Springwell Bay looks thrown in off 137 at Cheltenham Kevin Blake's Big Race Verdict: Paddy Power Gold Cup can go to a closerFeatured Rugby. If you bet less than 10%, you’re not taking full advantage of. WITH KELLY. Kelly % = W-[(1-W)/R] Where: W = Winning. evident from looking at the Kelly Criterion graph. Most only know a simplified version. Paul V. 10 Ideas for Trifecta Profits (Part 1) The late Don Scott once wrote that the best form of exotic betting is the trifecta. e. 20 by 2, and you get . Satiate to repeat. ITV Races - Tony Calvin. The most popular methodology for determining the optimal wager size is the Kelly Criterion. Three are three outcomes to the team game: Team1 wins. However, the coin is biased and has a 52% chance of ending up on heads. If you bet more than 10%, you’re taking on too much risk. Racing Results & Replays. This project is a fork (offshoot) of the standard version (v2. e. 2 Kelly gambling In Kelly gambling, we place a xed fraction of our total wealth (assumed positive) on nbets. Maximise Profit and Minimise Loss on Horseracing with Kelly Criterion Updated: Feb 07, 19:00 9587 Other Th ere are an enormous number of Staking Systems out there, wherepunters dont just use, a level staking plan, or a feel for a b꧂et,but have a strict and strategic betting staking plan. What this means is that you should wager 10 units (or 10% of your bankroll) on this coin toss. 00 x 0. 48) / 1 = 0. With less than a week to go until this year's Cheltenham Festival, we caught up with. It was believed earlier that winning a bet is. Kelly criterion can generate an optimal bidding fraction (MacLean et al. A new formulation of the fractional Kelly strategy, which involves betting a fixed fraction of the amount suggested by the Kelly criterion, is also presented for this type of scenario. Kelly Criterion User Name: Remember Me? Password: Google Site Search: Get RDSS: Sartin Library: RDSS FAQs: Conduct: Register: Site FAQ: Members List: Today's Posts: Search: General Discussion General Horse Racing DiscussionRespected under a 4 lb penalty. input 0. 1) Regardless of what you make the chance of the horse, 60%, 50%, 40% , 30% if the odds on offer are 4/1 your stake is 20 points. Introduction In the seminal paper [5], Kelly considered repeated betting on horse races. If you bet more than 10%, you’re taking on too much risk. Before addressing your investment strategy, learn about the Kelly criterion and see if it’s a fit for you. 00 if it got heavy but he made very hard work of it in Group 3 company at York last time. The Kelly criterion is a formula that can be used to determine the optimal size of a bet. Kelly Jr. The Kelly Criterion is designed for value betting systems. Tony Calvin has been in the racing and tipping business for over 25 years, encompassing a 12-year stint at the Racing Post and an 11-year spell as Head Of Media at Betfair. 60 x 1. What is the Kelly Criterion formula? The basic Kelly Criterion formula is: (bp-q)/b. The most common form of value betting calculator. 2) From another angle. f = 0. The number of bets considered here should also be discussed. We are giving you two options on how to use the Kelly Criterion Calculator. Horse Racing Bet of the Day is replacing our. It is only by minimizing losses and maximizing wins that you can hope to become a profitable bettor. Betfair, our. 1-p)The Kelly Criterion is a formula to determine the proper size of a bet with known odds and a definite payout. So if the chance of winning on a single bet is 80%, the bettor should wager 60% of one’s bankroll. Timeform best bets. Use this if you have a crystal ball that tells you the true probabilities. This post will serve as the first of a series to discuss the Kelly criterion. It was first repurposed as a formula to identify an optimal betting system in horse racing. For any other Betfair-related queries, head to customer support. Draw. The true probability may lie between 40% and 60%, or even 20% and 80%. “The Las Vegas Grand Prix was the most bet F1 event. In such a case, the Kelly criterion suggests that if one were to go over 20% repeatedly on a low. 80 on the Sportsbook. Finally, I set myself a task to review the betting decisions I make and probabilities I assign. In such a case, the Kelly criterion suggests that if one were to go over 20% repeatedly on a low. poker in casino, horse racing, sport betting, an d so on, the odds . The Kelly Criterion is a betting strategy created by J L Kelly, a scientific researcher, back in 1956. 22 hours ago · Featured Horse Racing. One of the easiest mistakes to make. 40) / 1. 31% of your bankroll on Real Madrid. The Kelly criterion is one model of investment money management, but it’s not the only one. Enter the probability (%), which represents the likelihood of winning the bet. Horse Racing Tips: Let's have a disco in Wales with Ffos Las Sunday double; Horse Racing Tips and Predictions Auteuil Racing Tips: Native's stamina the key to first Grade 1 success; Horse Racing. g. Discover. The first is attributing probability to a positive outcome of a selected bet and the second is a win-loss. We define the problem setting, the formal investment strategies and review their common modifications used in practice. It can therefore be applied equally well in American football, soccer and horse racing markets, to name just three. a betting fund) over the long term by determining the optimal stake on a. Fixed Odds & Multiples bets are placed with PPB Counterparty Services Limited which is licensed and regulated by the Malta Gaming Authority. Hence we focus on the use of the Kelly criterion, although our results here have general implications for bettors and indeed for all decision makers who maximize utility functions under parameter uncertainty. Horse Racing Tips: Rhys Williams fancies 50/1 Beauty to spring a surprise at Warwick; Horse Racing Tips and Predictions Horse Racing Tips: Patrick right up our street for Dundalk 54/1 Wednesday doubleHorse Racing Forum - PaceAdvantage. Few people know racing or betting better than Tony Calvin and so we asked our lead tipster on how he makes the game a. How to use the Kelly Criterion calculator. Brechin Castle cost £165,000 after winning his point in impressive fashion and he created an excellent. The Kelly Criterion is a method by which you can used your assessed probability of an event occurring in conjunction with the odds for the event and your bankroll, to work out how much to wager on the event to maximise your value. By three laps. 10. New show alert. Horse Racing Tips: Faith in Fanshawe's Willem for Wednesday 18/1 Kempton double ; Horse Racing Tips and Predictions Ryan Moore: River Tiber holds leading claims in my Friday three; Horse Racing. Correspondence Address: Triq il-Kappillan Mifsud, St. Part 1 of this series provides an introduction to the Kelly criterion along with a worked example. All the more recently, the strategy has seen a renaissance, in response to claims that unbelievable investors Warren Buffett and. Unsurprisingly, the volatility or variance in the evolution of the bankroll is greatest for full-Kelly and least for eighth-Kelly. Golf. Kelly Jr. The multiplier is normally set to 50%, for an aggressive betting strategy set it to 100%. From this calculation, if you were to bet on the Celtics to beat the Lakers, the Kelly Criterion suggests you should only bet 4% of your bankroll or capital. You just can't bet at that level. This type of situation is common in horse racing, where multiple types of bets are available for a. Today, Warren Buffet and others use it for investing purposes. The King George V Handicap (15:05) is always a very tough contest to decipher that is chock-full of promising three-year-olds with scope to improve over this longer. 5pt EW) settled at BSP: +5. A positive percentage implies an.