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Bankroll <\/strong>(How much is your total Bankroll?)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Kelly Staking Fraction <\/strong>(Which percentage of a Full Kelly do you want?)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Outcome 1 <\/strong>(Name the outcome)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Outcome 2 <\/strong>(Name the outcome)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Odds of 1 <\/strong>(The odds offered by bookies)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Odds of 2 <\/strong>(The odds offered by bookies)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Probability of 1 <\/strong>(How likely do you estimate Outcome 1?)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Probability of 2 <\/strong>(How likely do you estimate Outcome 2?)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Stake on 1<\/strong> (How much should you bet on Outcome 1?)<\/p>\n <\/div>\n <\/div>\n <\/li>\n \n \n
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Stake on 2 <\/strong>(How much should you bet on Outcome 2?)<\/p>\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n <\/div>\n<\/div>\n\n\n
<\/figure>\n<\/div>\n\n\n
<\/figure>\n<\/div>\n\n\n 2. Enter your bankroll and staking fraction<\/strong> (How much of a full Kelly do you want to bet?)
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<\/figure>\n<\/div>\n\n\n 3. Enter the two possible outcomes for the market in 1 outcome and 2. Also, place the market odds in Odds of 1 and Odds of 2. <\/strong>For this example, we will use the odds from our earlier hypothetical matchup between Real Madrid and Manchester United for the Champions League final. (In this case, there is no draw)
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<\/figure>\n<\/div>\n\n\n 4. Fill in your own estimated probabilities for each outcome<\/strong>
<\/p>\n\n\n 5. Add formulas to Stake on 1 and Stake on 2<\/strong><\/p>\n\n\n
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Paste this formula in H2<\/strong><\/p>\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n <\/div>\n<\/div>\n\n\n =((((E2*G2)-1)\/(E2-1))*A2)*B2<\/p>\n\n