Universal Kelly Calculator

This is a free demo version with input restrictions. If you would like to use the full version of the algorithm, get in touch to arrange access.

How to use

This calculator is a partial implementation of the algorithm described in the blog post Universal Kelly calculator. To use it:

  • First, select the number of simultaneous two-outcome bets to consider.
  • Then, enter the characteristics of each bet - win probability p and net fractional odds b for each of the two outcomes - as defined in the original formula.
  • When done, press the Calculate button and the results will appear in the "Model Output" section below.
Bet p b(p) 1-p b(1-p)
#1 0.500