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Old 07-12-08, 06:02 PM   #1
Long John Silver
 
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Default the Kelly Calculator and Parlays...?

In the calculator's output, there are the tabs for "Stakes for parlays of size..", and I'm guessing that when there are nonzero results in the 2, 3-team sections, it means that it would be good to throw a little spare change into those parlays.

My question would be what is the calculator assuming about the parlay payouts? Standards like 13-5, 6-1, et cetera?

Then do I check it against the Parlay Calculator to see if there's any value in that particular parlay?

Thanks,
Long John Silver
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Old 07-12-08, 06:23 PM   #2
LT Profits
 
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It assumes true parlay odds based on the odds that you inputted for each leg.
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Old 07-12-08, 06:31 PM   #3
Ganchrow
 
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Exactly what LT said.

The parlays are a part of the optimal Kelly solution which, for a Kelly multiplier of 1, yields maximal expected growth.
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Old 07-12-08, 06:43 PM   #4
Long John Silver
 
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Makes sense. Thank you very much.
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