4min chapter

Circles Off - Sports Betting Podcasts cover image

28: Plus EV Analytics Joins for a Discussion

Circles Off - Sports Betting Podcasts

CHAPTER

The Kelly Criterion - When Should You Use This?

In order for the kelly criterion to apply, there are two conditions you have to meet. One is you have to be facing a series of repeated bets. The second thing is that you have to know your edge precisely. But what tends to happen is that misestimation of your edge will tend to cause you to overbet in some cases.

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