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Post 002

You cannot think of being a professional bettor without having bankroll management. What do we mean by the term balkroll? The bankroll is the amount of money we intend to stake on a bet. Professional bettors know well that this is not possible win all bets, for this reason each time they calculate an amount of money to bet based on the reliability of the bet in question which is indicated with the term Stake.

With bankroll management we therefore want to indicate the strategy used to manage one's capital to invest in the betting market. There are many strategies that can be used and in our articles we will analyze them one by one. Today we start with the famous Kelly Criterion.

It is a mathematical principle based on the formula x = (mp-n)/m where:

m represents the initial quota minus one or initial q - 1;

p is the probability of winning the bet;

n is the probability of losing the bet;

x is the solution of our formula to then multiply by one hundred to have the final value in percentage to bet.

Let's see an example:

Victory for team A given at 3.5

m in this case will be equal to 2.5. From general assessments such as weather, team shape, etc. it turned out that the probabilities of victory of the team are equal to 45% (0.45) consequently those of defeat will be 55% (0.55). We therefore apply the formula:

(2.5 X 0.45) - 0.55/2.5 = 0.23 i.e. 23% of our monthly bankroll.

This is the amount of money to bet on team A if we use the Kelly criterion. Don't miss the explanations on the other bankroll management criteria, continue to follow us!

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