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This Kelly Criterion Calculator App will help you manage your money better using the Kelly Criterion formula.
The Kelly Criterion Formula was originally devised in 1956 by John Kelly, and was later adopted by investors and gamblers for stake money management. Many well known investors use it, including Warren Buffett and Bill Gross. William Poundstone wrote an extensive popular account of the history of Kelly betting.
This Kelly Criterion app can help you decide on how much money you should choose to bet, if you are faced with a situation where you know that the odds are in your favor.
This Bet Calculator supports a number of different betting odds formats, including Fractional, Decimal, American and Implied Probability odds. You can also adjust the fractional Kelly Criterion percent, in order to adopt a more conservative betting strategy.
Disclaimer:
Please note whilst every effort has been made to ensure the accuracy of this app's results, it is your responsibility to verify bet amounts before placing it with any bookmaker.
