The Kelly Criterion is fully explained in our Gambling Article: How Much am I Suppose to Bet.
For Quick Reference:
Calculated Line (required): What you believe the line should be (include a “-’/negative sign for favorites).
Offered at Sportsbook (required): The line you are currently being offered at a sportsbook or casino (include a “-’/negative sign for favorites).
Bankroll (required): The total amount you have available to wager with.
Bet Sizes (required):
Full Kelly Bet = The Kelly Bet divided by 1
Half Kelly Bet = The Kelly Bet divided by 2
Tri Kelly Bet = The Kelly Bet divided by 3
Quad Kelly Bet = The Kelly Bet divided by 4
Penta Kelly Bet = The Kelly Bet divided by 5
Result: The amount to bet on the fighter.
*Special Note* If the result is coming out negative, than a bet should not be placed. That means the calculated line is less than line offered by the sportsbook and is not considered a good bet.
