SBRforum Sportsbetting Page http://bit.ly/_sports-betting. THREAD FORUM VIDEOS http://bit.ly/forum. The Kelly Criterion has come to be accepted as one of the most useful staking methods for sharp bettors. While most of us think we have an understanding of the Kelly Criterion and how it works, this is merely a simplified version of the formula. Our latest Guest Contributor has provided an in-depth explanation of the “real”. The Kelly Criterion Staking Method Explained. By stars on January 4, 2017. The Kelly Criterion Staking Method Explained. How much should you bet when the odds are in your favour and you've found what you perceive to be value? That's exactly where the Kelly Criterion method of staking or bankroll management comes. So if we were to apply a Half Kelly staking strategy to our previous example, the Kelly Stake is calculated as: Our Kelly Criterion Excel spreadsheet will calculate the optimum stake for your bet. For example, consider you are betting on a coin to land on heads at 2. It doesn't actually help improve your overall chances of winning money, which is what a good betting strategy should do. Advantages The main advantage of the Kelly Criterion is that it helps a bettor to strike the right balance between risk and safety, between growing a betting bank and safeguarding it. The spreadsheet will now tell you how much to bet on any given market. Advantages The main advantage of the Kelly Criterion is that it helps a bettor to strike the right balance between risk and safety, between growing a betting bank and safeguarding it. If you gamble, you probably know a thing or two about Basic Strategy in Blackjack. Upgrade your betting knowledge with betting guides sent straight to your inbox! Example 1 - A soccer game where both a visitor win and draw outcome provide the bettor with an edge:. This video seeks to explain the basics of the Kelly Criterion as clearly and correctly as possible. You need to understand what all the components represent, which we explain below. Luckily, there are multiple Kelly calculators online which can take away Lost of the pain, particularly http: The image on the bottom left represents the variance of 50 bets whereas the image on the right details the variance after 200 bets placed. Now Where to bet on? As these are two of the fundamental goals when betting on sports, the Kelly Criterion is a strategy worth exploring. Leave the bet amounts as variables. With this information, we can then use the Kelly Criterion to calculate coin of cornucopia stake, by working out the following simple formula: Next enter the two possible outcomes for this market and the odds on offer Fortunes Of Sparta™ Slot Machine Game to Play Free in BluePrint Gamings Online Casinos each outcome. In other words, the Kelly Criterion takes into account both the size of your advantage I. The Kelly Criterion formula is: Enter your affiliate tracking code: Backing teasers with lower potential for variance is important.