Max Bet Calculator

[aplusowner]

This uses the kelly criterion formula to calculate the max bet you should take to double your cash stack, guaranteed.

The formula is ''f = (bp-q)/b = [p(b+1)-1]/b'' where f is the fraction of the current bankroll to bet, b is the net odds received on the wager (x2 would be 2 to 1), p is the probability of winning, and q is the probability of losing which is 1-p.

 

[GodGenesis]

Using this formulae, a bet on a coin flipping games requires you to bet 1/4 of your bank in order to double it. I just don't get the logic behind this or am I missing something out?

 

[aplusowner]

Using this formulae, a bet on a coin flipping games requires you to bet 1/4 of your bank in order to double it. I just don't get the logic behind this or am I missing something out?

It's how much you should bet over time. It's a max bet calculator. You have to continue doing this max bet repeatedly.

 

[Eddyhartzz]

Why's there two ='s in the formula?

 

[Trent!]

I'm assuming you're using the Martingale theory?

http://en.wikipedia.org/wiki/Martingale_(betting_system)

This should help explain how it works to those that are like, 'wut?'

 

[KerokeroCola]

Why is hc even in there? It's guaranteed to LOSE money over time.

For anything else that's truly 50/50, there is no way to gain. Ten thousand bets of any amount will average with 0 gain/loss. The Martingale Method is only good at ensuring you do not lose your cash stack because you cant do a 100% bet.

 

[video]

If EVERYONE did this, we'd all double our money, and where would this money come from? Martingaling doesn't work.

Oh wait, this is a virus and you're also evading your other account, which was banned for posting viruses