The Kelly formula is considered a solution specifically for bettors. It helps you choose the correct ratio and plan your investment quickly. This allows players to avoid unnecessary risks when entering the world of gambling. Let’s explore SuperAce777 specifically through the content of the article below.
What is the Kelly formula?
The Kelly formula is known as a similar equation that helps determine the percentage of the bet that players need to invest in a match. To put it simply, applying the formula enables you to find the right opportunity to participate in effective soccer betting without encountering lousy luck.
Kelly is configured to help players know precisely how much money to bet at each betting door. If you often wonder how much money to bet, especially newbies who are starting to learn about the sport, learn about Kelly right away. It is a mathematical formula built by science, so it is highly accurate.
Mathematician John Kelly created a formula to help you not make mistakes when betting on a gamble. It allows bettors to protect their capital balance, not changing too much even though the player is not sure of the prize. Thanks to Kelly, many bettors have won huge prizes.
In fact, the Kelly formula is applied in many other industries and specialties. But betting will help you calculate the most accurate density, more specifically, the percentage of stability in the amount of money you will spend. This means that when we have a high capital, the ratio is the same, and the amount of money you bet will increase steadily.
Kelly formula overview
Kelly is configured quite simply: when you just need to multiply the percentage of winning chance by two, how much is minus one? The bettor will get the percentage density in his betting model. Typically, Kelly is used to calculate the profit divided by the odds for investors to position their money to put into stocks.
To turn the advantage, or betting density, into a number, players need to determine the correct information, including win rate & loss rate and return rate. Along with that, Kelly also has another formula: (P * WL) / P. In which P is known as the reward, W is the probability of winning, and L is the loss rate.
The Kelly formula says that in any bet, you should invest an amount equal to the winning rate multiplied by the bonus amount & minus the loss rate, how much is divided by the break-even amount. Usually, the winning probability and the losing probability of a coin flip are considered to be 50%.
At this time, the sum of both rates will be exactly 100%. Gamblers can easily understand that when betting with a high rate of decrease, players need to miss it to avoid losing money.
Vote for the advantages and disadvantages of the Kelly formula in betting
Advantages of the formula
When using Kelly in football betting, you will clearly see some of the following highlights:
The Kelly formula helps you manage your finances flexibly, supports bettors in managing capital effectively, and allows you to spend less time thinking.
It allows you to bet quickly based on accurate numbers from winning density & betting density.
Because it is a scientifically established formula, it helps you reduce all risks and maximize profits.
Kelly helps bettors have a better view of the match, helping them make accurate decisions when betting.
Weaknesses of the Kelly formula
In addition, the formula still has some disadvantages. For example, even if you strictly follow the rules & measure accurately, according to Kelly, it cannot guarantee 100% effectiveness because it is impossible to determine the situation that occurs in a soccer match accurately.
In addition, to apply Kelly, bettors need to determine the winning rate. This is the most challenging part of the bet, and it gives any “player” a headache because you cannot be absolutely sure that the rate of the plaprovidesives is accurate.
Instructions for applying other Kelly to soccer betting
In addition to the original Kelly formula version introduced above, there are currently many versions of Kelly. This is to meet your needs, so you can also apply it in all cases. And learn about other versions of Kelly through the content below.
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Full Kelly
Full Kelly is one of the betting methods considered bold when participants will bet up to 50% of their total assets. It helps bettors bring quick profits, but in return, you have to accept facing misfortune and significant losses. Along with that, bettors need to prepare a balanced source of capital.
Constant Kelly
This variant formula is somewhat similar to
The complete Kelly formula breaks above. However, it allows bettors to suggest a fixed ratio for the bet amount. For example, take 15% instead of other density species.
Thanks to that, bettors will have a better view of the numbers and have the appropriate knowledge to apply to the bets. For full Kelly, Constant Kelly brings more balance. It is suitable for new bettors to refer to football betting and not have a lot of capital to bet.
Fractional Kelly
The Fractional variant of the Kelly formula is straightforward to play. &Amp; especially highly applicable, so anyone can thoroughly apply it to increase efficiency when practicing football betting, avoiding risks.
With Fractional, players are only allowed to bet a fixed part of the budget for betting, also known as Bankroll. You can choose to bet 50% – Half Kelly or 25% – ¼ Kelly or any betting density that you feel is most appropriate.
Share experience in applying the formula to betting extremely accurately
When entering the football betting game, you must have the mentality of facing some risks. Because this is a game of chance, there is winning and losing. Here are some experiences to help you apply Kelly most effectively.
When it comes to football betting, bettors must always be impressed that they have never bet more than 15% of the money in their bank account. If bettors are confident in betting with a higher amount, you need to be sure that the result you give is winning.
To apply the Kelly formula, you must learn and gain experience from what has been through. Because there are many people who have malinvested, leading to many losses and no longer confidence when entering the betting game.
Because it is a mathematical formula, it must come to the exact ratios. Bettors need to measure the factors inside Kelly, as mentioned above fully.
Conclusion
The article has provided detailed information about the Kelly formula. Hopefully, through the content SuperAce777 shared above, bettors have understood Kelly & can thoroughly apply it to football betting in the most effective way!
