The Kelly Criterion is a formula used to determine the optimal size of your bets based on your edge and bankroll. By using the Kelly Criterion, you can avoid the pitfalls of overbetting and underbetting and maximize your long-term profitability. Our Kelly Criterion calculator makes it easy to calculate the ideal size of your bets for any given situation.
If you're betting with a sportsbook that uses a different odds format than what you're used to, an odds converter can be a lifesaver. Simply enter the odds in one format (e.g., decimal) and the tool will convert them to another format (e.g., American). This can help you quickly compare odds across different sportsbooks and find the best value.