Effective Boost Calculator
Effective Boost Calculator Info
This calculator shows the effective boost for a bet on the opposite side of an existing bet. It essentially shows you the boost that you are getting when you use the opposite side kelly calculation from the Existing Bet Calculator.
- Odds
- The odds of the new bet.
- Probability
- The probability of the new bet.
- Payout
- The payout of the existing bet as a percentage of your bankroll.
- Odds Format
- Specifies the format used in odds fields.
Math
With this B, you can now calculate the hedge bet with (which will be the same result as the opposite side kelly calculation):
- B
- The effective odds boost.
- p
- The probability the bet wins.
- w
- The fraction of your bankroll represented by your existing bet.
- b
- The net fractional odds of the bet.
- q
- The probability the bets loses.
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