 Kelly criterion betting strategy - one of the best football betting systems
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# Strategy Kelly Criterion

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Kelly Criterion

## Kelly Criterion Strategy

It is a great benefit for Bettors to use a mathematical edge instead of relying on impulses. Kelly criterion is a great way to manage punters bankroll on the long run.

## Kelly Criterion

The main idea of Kelly Criterion is that the amount of bet should directly proportional to perceived edge.

The formula for calculating Kelly Criterion is quite simple:

(B*P - F) / B

B = the Decimal odds -1

P = the probability of success

F = the probability of failure (i.e. 1-p) Let’s use the coin as an example.

For instance, you want to bet that the coin will land on a head with the odds of 2.00. In fact, the coin usually has a 52% probability of landing on heads.

In this case:

P= 0.52

F = 1-0.52 = 0.48

B = 2-1 = 1.

This works out at: (0.52x1 – 0.48) / 1 = 0.04

In this case the Kelly Criterion recommend you place a bet 4% of your bankroll.

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