ckelly: Arbitage-like Kelly Criterion

In shearwavesplitter/GamblR: Gambling with R

Description

Compare odds from multiple books with the Kelly Criterion

Usage

ckelly(homeodds, awayodds, chomeodds, cawayodds,
  oddstype = default.GamblR.odds())

Arguments

homeodds	A vector of odds for the first team for book A
awayodds	A vector of odds for the second team for book A
chomeodds	A vector of odds for the first team for book B
cawayodds	A vector of odds for the second team for book B
oddstype	Format of input odds (e.g. decimal, see Convert odds)

Details

Uses the odds from book A to determine the win probabilites of team A or B and then gives the Kelly optimal bet for those same teams on book B. Useful for betting when trusted book updates quickly leaving other books with favourable odds.

Value

A vector of bankroll fractions (for each individual bet)

shearwavesplitter/GamblR documentation built on May 30, 2019, 8:27 a.m.