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This paper shows the results of using Kelly criterion in a gamble of bidding T steps, and derives the relation of profits between using p and W/T as the winning probability in the Kelly formula, respectively. But as always, the dots connect and your circle of competence will play a major role in determining the probabilities of outcomes. (tovább…)

We post live odds in American and Decimal format, but we don’t list live odds in the Fractional format. Regardless of how the odds are displayed, they’ll always mean the same thing. Watching the UFC, the odds format they talk is American Odds or Vegas Odds. (tovább…)

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