RKelly1.0 package

Translate Odds and Probabilities

chance_to_draw_n_games

Calculates the chance to draw out of n matches

chance_to_win_n_games

Calculate win chance after multiple matches

kelly_back_dec

Kelly for back bet

kelly_criterion

The Kelly criterion

kelly_lay_dec

Kelly for lay bet

Download source packageRead PDF manual

Calculates the Kelly criterion (Kelly, J.L. (1956) <doi:10.1002/j.1538-7305.1956.tb03809.x>) for bets given quoted prices, model predictions and commissions. Additionally it contains helper functions to calculate the probabilities for wins and draws in multi-leg games.

  • Maintainer: Arvid Kingl
  • License: MIT + file LICENSE
  • Last published: 2019-09-04