Hey gang
This is very good progression, well maybe more a money management for playing numbers with mathematical advantage
full link to wikipedia: nolinks://en.wikipedia.org/wiki/Kelly_criterion
kelly fully explained that on rouletteplace,
Quote
Kelly betting for single numbers.
It IS a bit complicated for most people in the beginning.
The formula goes like this:
f* = x%/A
x% = Your estimated edge
A = payout, usually 35 for single numbers
An easy example is if you have an estimated edge of 35% and is playing 1 single number.
f* = 35%/35 = 1% of your bankroll
Imagine your edge on each of the numbers in your 8 number pocket is 23 %, roughly 1:28. It also means you lose 7 and win on 1 number in the 8 pocket sector on a hit. Looks like this then:
(35 – 7)/8
A = 28/8 = 3.5 It will then give the formula
f* = 23%/ 3.5 = 6.5 %
So you will be betting 6.5% of your bankroll of say 5.000 = 325/8 = 40 on each number in a 8 pocket sector.
You can then make a list that looks like this all number rounded down to playable bet sizes because you probably can`t bet like 33.75:
5000 = 40 pr number (320 pr bet)
4680 = 35 pr number (280 pr bet)
4400 = 35 pr number (280 pr bet)
4120 = 30 pr number (240 pr bet)
3820 = 30 pr number (240 pr bet)
3580 = 30 pr number (240 pr bet)
Etc.........
Etc.........
If you keep an eye on your bankroll, you will pretty easy be able to figure out the bet size. Don`t forget to make the scale upwards too, in case you are winning. :)
If you find the bet sizes too steep, you might wanna bet only "1/2 a Kelly"
If you play a 5 number sector with a 10% edge, you should be able to remove the numbers and put your own into the equations and get the appropriate values.
I hope it is not wrong that I posted that here, because that is not my work
cya
You need some condition that gives an edge to you such us VB, biased or an electronic devise.
In such conditions, KC wins mathematically.
There´s some KC modalities.
Anyone has the tools to compare flatbetting vs KC day by day?
It seems that it depends on the stream because I think it is not the same 10 misses followed by 10 losses than the oposite or a seesaw day.