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Kelly's Criterion Calculator
Choose Odds Type:
Decimal Odds
American Odds
Fractional Odds
Fair Odds:
The true odds with no bookmaker margin. Used to calculate expected value.
Sportsbook Odds:
The odds currently offered by the bookmaker. These include their built-in margin and are what you'll actually bet with.
Kelly's Multiplier
Controls risk. 1 = bigger stakes and higher long-term profit, but more short-term risk. Lower values = safer, but slower gains
Bankroll ($):
The total money you're using to bet with. It's used to calculate how much you should stake based on risk.
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