kelly-criterion

Calculate optimal bet sizes using the Kelly Criterion formula.

4|Updated Feb 15, 2026

Search Tags:#optimization #risk management #finance #sports analytics #betting #kelly criterion

Ready to run

npx skills add https://github.com/ianalloway/openclaw-skills --skill kelly-criterion

💬 Prompt for ChatGPT / Claude Chat▼

Please help me install this Agent Skill.
Skill: kelly-criterion
Source: https://github.com/ianalloway/openclaw-skills/tree/main/kelly-criterion
Command: npx skills add https://github.com/ianalloway/openclaw-skills --skill kelly-criterion

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

This Skill helps users calculate the optimal bet size to maximize long-term bankroll growth while effectively managing risk, using the Kelly Criterion formula.

Core Features & Use Cases

Kelly Criterion Calculation: Computes the optimal bet percentage based on win probability and decimal odds.
Odds Conversion: Converts American odds to decimal odds for easier calculation.
Fractional Kelly: Supports applying a fraction of the full Kelly bet size to reduce variance.
Use Case: A sports bettor can input their estimated win probability and the bookmaker's odds to determine the precise amount of their bankroll to wager on a specific bet.

Quick Start

Calculate the optimal bet size for a scenario with a 60% win probability at 1.667 decimal odds, using half Kelly on a $1000 bankroll.

Frequently Asked Questions about kelly-criterion

High-intent search queries and answers about installing and using this skill.

FAQPage Schema

How do I calculate optimal bet sizes using the Kelly Criterion?▼

To calculate optimal bet sizes using the Kelly Criterion, you input your estimated win probability and the bookmaker's decimal odds. The formula then computes the precise bankroll percentage to wager to maximize long-term growth.

How do I convert American odds to decimal odds for betting calculations?▼

Converting American odds to decimal odds is supported directly within this Skill. You input the American odds provided by the bookmaker, and the tool automatically converts them to decimal format to facilitate accurate Kelly Criterion calculations.

Can I analyze multiple independent wagers at the same time?▼

Yes, this Skill supports multi-bet analysis for independent wagers. By evaluating multiple independent bets simultaneously, you can determine the optimal allocation across your entire bankroll to manage risk effectively.

What do I need to calculate risk-adjusted betting strategies for sports analytics?▼

To calculate risk-adjusted betting strategies, you need Python 3 installed along with accurate probability and odds inputs. These inputs allow the tool to compute the optimal bet percentage for maximizing bankroll growth.