- Bankroll – how much money you have available to bet.
- Odds – your net odds received, e.g. in the field below you would enter ‘3’ if the odds are 3 to 1.
- Probability – your estimated probability of winning.
- Adjusted Kelly – what percentage of the Kelly Criterion you want to bet. For example, to only bet a half-kelly you would enter 0.5 in the field below. To bet the full amount, leave this field as 1.
Kelly Criterion ($): $1200.00
Kelly Criterion (%): 60.00%
Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.
He quit his day job as a data scientist in 2019 because he was able to earn enough income from profitable websites to replace his salary. He now teaches people how to start and grow their own profitable websites from scratch in the Income Community.
Zach's favorite free financial tool he's been using since 2015 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.
His favorite investment platform is M1 Finance, a site that allows him to build a custom portfolio of stocks for free, has no trading or maintenance fees, and even allows him to set up automated target-allocated investments.
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- The 5-Hour Workday - March 26, 2021
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
