Kelly Criterion calculator
After writing the "Kelly Criterion, the value of value bets" article we got a few requests from fellow bettors for an excel file that can be used for football betting. We obliged.
There are a few things to consider about the Excel file that you may download at the end of the article
- The file contains the formula for 1x2 type of bets so if you are an "over/under" type of guy you'll have to make your own file.
- The file contains comments about each type of data present so make sure you read them.
- It has no blocked cells so, if you alter the formulas, you will break the end results and, consequently, make the wrong betting decisions.
- There "Your probabilities" columns must add to 100% but it's you that must make sure of that.
- The file contains 3 samples. Even though it's the same game, the samples show you scenarios that you may find in real life. There's a scenario where you don't have ANY value bet and a scenario where the Kelly Criterion is very high.
... and happy betting!
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