Trading in the Global Sports Betting Market
To constrain risk we employ The Kelly Criterion to optimise the bet size of each bet placed via our Positive Edge Bet algorithm and Optimised Hit Rate algorithm. The Kelly Criterion is a mathematical formula that takes into consideration the total bankroll available, the optimum individual bet size and the individual bet expected return.
There are two basic components to the Kelly Criterion:
Kelly % = W – [(1 – W) / R]
W = Win probability
R = Profit/loss ratio
Kelly staking can be applied at different levels depending on the SGPS variance tolerance