Hello aal,
My first post on this topic because this is what lead me here. I have also been searching for an answer to a similar question to CptPicard (Data, Picard, maybe I should have called myself ?Worf?). I am looking for a solution to making several mutually exclusive bets in the one event and trying to apply Kelly to that.
For example (I will use horse racing as that what I know) say you have a field of 10 runners and you assess 4 of these as main chances. Your work out your odds line and now only concentrate on the "overs." Lets say 2 of these represent good value. No. 1 is paying $4 and you rate it at $2.50. No 2. is paying $12 and you rate it at $7.
Only one of these can win (barring a dead heat, ofcourse). My problem is, other than being very confused, is how to crunch the numbers. From what I have seen thus far it requires excel solver which I have. The bit I dont have is all the fancy numbers and letters that fill the spreadsheet.
Can someone enlighten me.
BTW, sorry for making my first post a request. I know thats rude but I have been up all night searching for an answer. Please forgive
