Kelly Criterion Calculator Questions
After reading numerous bankroll articles, I am wanting to incorporate Kelly Criterion into my daily play. I have found several calculators on the web. I am a little confused on how to use them. Here is the information that I have.
Bankroll is $1200 and I play the $5 Double Ups and Triple Ups, Shot and Rebound entries. I have my cash percentages for all four types of games. How would I input these numbers into the calculator using FD payout structure. I only play the large field +200 in my double and triple ups.
Once I do that would I have four separate amounts of $ I should play in each game that day?
My current philosophy was playing roughly 10% of my bankroll daily with a mix of roughly 60% cash games and 40% GPP. Having read so much about Kelly, I wanted to give that a try.