The Win Bet Optimizer calculator uses the results of a paper by J.L. Kelly to
calculate the optimized win bets when you know an accurate odds-line.
Many blackjack experts are familiar with "Kelly optimal betting" which is
based on the same paper, and tells you how to bet optimally on a single
entry. The Win Bet Optimizer allows you to optimize your bets when you
can bet on more than one entry at a time. The bets are optimized as a
whole, not one by one.

  • Enter your current betting capital at the bottom.
  • Enter your odds-line.
  • Enter the payout odds.
  • Click "Get Bets" or hit the Enter key.
  • The optimized bets maximize your theoretical expected return on
    capital.
  • The probabilities, based on your odds-line, are also shown.
  • The theoretical expected return on capital is shown.
  • Click "Clear" to erase the fields and start again.

Tips

  • You can enter expressions like 15, 3.5, 20-1, 5/2, 8-5, or scr in the
    odds-line and odds fields.
  • You can use Tab or Shift-Tab to move from one odds or odds-line
    field to another.
  • Be sure to enter the odds-line and odds for all entries. Leaving out an
    entry will skew the results.
  • The probabilities are based on the odds-line. If you omit the odds for
    a scratched entry, the probability for that entry is 0, whether or not
    that entry has an odds-line.
  • The optimization occurs only when all indicated bets are made.
    Making only some of the bets or not betting the indicated amounts
    produces a return of capital that is less than optimal.
  • Using an inaccurate odds-line will produce inferior results. You will
    probably lose in the long run with an inaccurate odds-line.
  • We have no recommendation for an accurate odds-line. Studies have
    shown that morning line odds are not accurate.
  • Even with an accurate odds-line, you can still lose by making the
    optimized bets.
  • We make no claim that you will win or that you will not lose if you
    make the bets in the Win Bet Optimizer.
  • The Win Bet Optimizer calculator is presented for information
    purposes only.
  • If you don't see the calculator above, download and install the latest
    Java Plug-in (free download.)

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Win Bet Optimizer
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