Maximum Expected Growth Calculator

Maximum Expected Growth Calculator Info

This calculator calculates the Maximum Expected Growth (MEG) of your bankroll for the wager. This calculator is useful when you want to choose one amongst several correlated bets. Since the Kelly Criterion indicates betting more money at shorter odds, a bet with less edge may actually have a superior MEG. The result is given in basis points. A basis point is a unit of measurement equal to one hundredth of one percent.

Edge: The edge of the bet as a percentage.
Odds: The odds of the bet.
Odds Format: Specifies the format used in odds fields.

Math

MEG = \frac{{edge}^{2}}{odds}

edge: The edge as a decimal.
odds: The net fractional odds of the bet.

Book Links

But How Much Did You Lose? (chapter 11)

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