Bet Calculator App
Kelly Criterion is also referred to as Kelly strategy, Kelly formula, Kelly staking or Kelly bet. It is a formula used to determine the optimal size of a series of bets in sports or investment. The criterion is most often used in sports gambling and certain investment related scenarios. This online sports betting calculator helps you in calculating optimal stake percentage and the potential profit using the kelly criterion formula.
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Kelly Strategy - Sports Betting Calculator
Kelly Criterion is also referred to as Kelly strategy, Kelly formula, Kelly staking or Kelly bet. It is a formula used to determine the optimal size of a series of bets in sports or investment. The criterion is most often used in sports gambling and certain investment related scenarios. This online sports betting calculator helps you in calculating optimal stake percentage and the potential profit using the kelly criterion formula.
The Sports Bet Calculator is the premier bet calculator app, supporting a comprehensive range of bet types and settling options. Perms of up to 20 selections, configurable bonuses for Alphabet, Lucky 15, 31 & 63 bets, plus automatic conversion between Fraction, Decimal and American odds formats, are just some of the highlights of this powerful but easy to use app. Bet Wizard is a bet calculator for your PC that can calculate all of the bet types that are popular with gamblers in the UK and Ireland today. Including: Round Robin's, Yankee's, Flag's, Lucky 15.
Formula:
r = (((o-1)/100) * (100-c)) + 1f= (1 / t) * 100v = r / ((1/t) * 100) s= ((((t / 100) *r) - 1) / (r - 1)) * bp= ((((t / 100) * r) - 1) / (r - 1)) * 100w = s * (Real odds - 1)l = sWhere,r = Oddsf = Fair odds v = Values = Stakep = Stake Percentage w = Potential Profitl = Potential losses b = Bank Rollo = Decimal odds t = Estimated win Probability c = Commission
The formula was developed by John Larry Kelly. The kelly strategy determines the capital percentage to be used in each bet/trade to maximize long-term growth. Kelly Criterion was most commonly used by gamblers in horse racing. Later the strategy was applied to investing. Decide how much to bet when the odds are in your favor using this online kelly strategy sports betting calculator.
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Sports betting success is all about access to the right information at the right time. With online betting sites increasingly offering bettors the option to wager from their mobile phones, it’s only natural that a wide range of complementary sports betting apps have cropped up on the Apple Store and Google Play.
Don’t waste your time on Instagram scamdicappers and other questionable digital betting services. Sports Betting Dime has identified the most useful sports betting apps for everything from bankroll management to line shopping.
Here are the five most interesting and innovative choices for 2020.
1. SharpSide: Best App for Betting Tips & Community Picks
SharpSide is a relatively new app that provides a huge amount of community-driven info and analysis for bettors.
The beauty is in SharpSide’s model for sourcing betting tips and advice – each member’s betting records are public and there’s no way to delete losses or otherwise manipulate the results.
This stands in sharp contrast to some other paid pick services, many of which are notorious for a lack of transparency and selling shoddy info.
SharpSide asks every user to make picks on a huge range of game lines, game props, and player props at their leisure. The app tracks picks and displays results publicly on detailed boards – allowing you to see what other bettors are thinking with an incredible level of detail.
Because everyone’s record is shared publicly, it’s easy to closely follow the bettors with a proven track record handicapping the sports and bet types you’re most interested in.
2. BettingPros: Best App for Sports Betting Line Shopping
Line shopping is the single easiest way to increase your profits when betting on sports. By comparing the odds offered at multiple sportsbooks, you can ensure you’re getting the best possible value for every line to your liking.
The BettingPros sports betting app not only displays valuable data like betting percentages and team trends – it displays the odds for each matchup at a range of online sportsbooks and highlights the most favorable option for every line available on a given matchup.
Bet Calculator Horse Racing
Thanks to this conveniently intuitive layout, you’ll identify the best value on any pick within seconds of opening the page.
Save yourself the hassle of navigating between various online sportsbooks to compare the odds on your mobile screen – once glance at BettingPros can condense tons of frustrating back and forth into mere seconds.
3. Parlay It!: Best Parlay Calculator & Accumulator
Betting parlays and teasers is a great way to amplify your sports betting profits, but it can be a challenge to accurately calculate potential payouts.
Parlay It! is a simple, stripped-down sports betting app that allows you to estimate payouts for parlays with up to 12 legs/picks included. Odds can be entered in decimal, American, or fractional format and you’ll instantly see the potential profit, return, and percentage return on investment.
Bet Calculator App Game
Parlay It! also features a ‘dutching calculator’ to help you hedge your bets across multiple sportsbooks.
For a small one-time fee of $1.99, you’ll also gain access to an overround calculator that allows you to see how much the bookmaker is profiting off your selections.
This is an invaluable tool in determining which betting markets are offering the best value when playing multiple lines.
4. Kelly Calculator – Best App for Sports Betting Bankroll Management
There are various systems bettors can use to determine how much should be wagered on a given event.
The Kelly Criterion is one of the best-known and effective methods for identifying value and shoring up your bankroll, and the Kelly Calculator takes cares of the math you need to follow this system.
Simply input the total value of your bankroll, your assumed probability of success, and the odds to see the size of your edge over the sportsbook and the suggested amount you should wager.
If you’re looking for a sports betting app to practice disciplined bankroll management and stick to a system, it’s hard to beat the simplicity and clarity of the Kelly Calculator.
5. Onside Sports – Best App for Tracking Your Sports Bets
Onside Sports provides a range of services for sports bettors, but the app shines brightest with their bet tracking tool.
A personalized dashboard contains key metrics of your overall betting performance in great detail, tracking classic indicators like return on investment and win-loss records along with stats such as an adjusted win percentage and associated z-score that provides more relevant feedback on the value of your betting strategy.
The ‘pools’ function also allows you to track bets against your friends and family, while public leaderboards allow you to follow the picks of the best ‘cappers in each sport as you fight for their spot at the top.
Ios Best Calculator App
Want to Learn More About Betting From Your Mobile Phone?
Online sportsbooks and sports betting media are going to great lengths to deliver an engaging and easily navigable mobile experience. Find the features you need without the fluff – Sports Betting Dime’s odds app is a one-stop-shop for the latest odds, standings, and betting trends.
Check out our guide to sports betting on mobile for a comprehensive overview of how to get more out of betting on the go. The guide is full of site-specific tips for our favorite mobile betting sites.
Best Calculator App For Android
Pair the apps outlined here with a mobile-optimized online sportsbook, and you’ll have everything you need for a profitable betting experience right in the palm of your hand!