calculateKellyStake: Calculates a single Kelly stake
In pwu97/bettingtools: Betting Tools

Description Usage Arguments Value Examples

Returns the single Kelly stake. This is the percentage of one's bankroll one should bet to maximize the expected growth of one's bankroll on a single bet. This is known as the single Kelly stake.

calculateKellyStake(
  expected,
  payout,
  kelly_multiplier = 1,
  expected_odds = "prob",
  payout_odds = "dec"
)

`expected`	A numerical value representing the odds of the expected payout.
`payout`	A numerical value representing the odds of the actual payout.
`kelly_multiplier`	A numerical value representing the kelly multiplier of the bet. The default value of the Kelly multiplier is 1.
`expected_odds`	A string representing the odds format of the expected payout. It is either "prob", "dec", or "us". The default odds format is in implied probability.
`payout_odds`	A string representing the odds format of the actual payout. It is either "prob", "dec", or "us". The default odds format is in decimal odds.

The single Kelly stake.

calculateKellyStake(0.41, 2.56)

calculateKellyStake(-120, 150, expected_odds = "us", payout_odds = "us")

calculateKellyStake(0.70, -150, kelly_multiplier = 0.1, payout_odds = "us")

calculateKellyStake(0.26, -110, payout_odds = "us")