This software is provided as is for educational purposes, and not intended for business use.
This calculator is the implementation of the blog post Numerically solve Kelly criterion for multiple simultaneous bets. To use it:
- First select the number of simultaneous bets to consider.
- Then, enter the characteristics of each bet - win probability p and net fractional odds b - as defined in the original formula.
- When done, press the Calculate button and the results will appear in the "Model Output" column.