Welcome to the Kelly Criterion calculator. We have built all the tools you need to make your sports betting (and specifically your knowledge of the Kelly Criterion) better! Below we have a Kelly Criterion calculator and some more information on the Kelly Criterion in general.
Other Betting Calculators
 Kelly Criterion Calculator
 Acca Calculator
 Arbitrage Calculator
 Bonus Bet Calculator
 Decimal to Fractional Odds
 Dutching Calculator
 Fractional to Decimal Odds
 Hedge Calculator
 Hold Calculator
 Lay Bet Calculator
 Middle Calculator
 Moneyline Converter
 Multi Calculator
 Odds Converter
 Overround Calculator
 Parlay Calculator
 Spread Converter
 Staking Calculator
 Strike Rate Calculator
 Win Loss Calculator
Use the Kelly Criterion Calculator here
Based on the Kelly criterion, it is recommended that you bet approximately 1.18% of your account balance on this particular selection.
When applying the fractional Kelly value of 0.91, it adjusts to a bet of approximately 14.16% of your bankroll.
If your account balance is $1,000, following the Kelly criterion's recommendation would mean placing a bet of $11.76.
Assuming a bet of $11.76, the expected value of this would be $21.78, calculated as $11.76 multiplied by $11.76*[(0.68)(0.60) + (1)(0.4)]. This translates to a return of 0.80% on the funds wagered.
The Kelly criterion returned a value of 0.0061.
After applying the fractional Kelly value of 0.0, this adjusts to 0.0061 of your account balance.
Because this number is below 0 you should not back the selection at the available odds.

What is the Kelly Criterion?
The Kelly Criterion is a method by which you can used your assessed probability of an event occurring in conjunction with the odds for the event and your bankroll, to work out how much to wager on the event to maximise your value. By inputting the odds, the probability of the event occurring and your betting balance, you will be able to determine the amount you should wager on the event. The fractional Kelly betting input is a way to change how aggressive or conservative you are with your wagering (1 being the standard and moving towards 0 the more conservative you wish to be with your wagering). Ultimately, the Kelly Criterion calculator, if you are accurate with your assessed probability should increase your value and profit over a longterm period.