kelly-criterion
CommunityOptimize bet sizes for growth.
Authorianalloway
Version1.0.0
Installs0
System Documentation
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.
Dependency Matrix
Required Modules
None requiredComponents
Standard package💻 Claude Code Installation
Recommended: Let Claude install automatically. Simply copy and paste the text below to Claude Code.
Please help me install this Skill: Name: kelly-criterion Download link: https://github.com/ianalloway/openclaw-skills/archive/main.zip#kelly-criterion Please download this .zip file, extract it, and install it in the .claude/skills/ directory.
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