Priomha Capital – Australian Sports Betting Hedge Fund

Previously we reported on the Galileo Managed Sports Fund, which claims to be the world’s first sports betting hedge fund. In 2009 Priomha Capital entered this space in Australia. It currently offers a multi-sport and event fund, called the Priomha...

Kelly Criterion – Part 3d – Fractional Kelly Betting

This post continues Part 3 of a series on the Kelly criterion and its application to sports betting. Part 1 provides an introduction to the Kelly criterion and a worked example. Part 2 provides a simple derivation. This post discusses fractional Kelly...

Kelly Criterion – Part 3c – Incorporating the Possibility of a Refund

This post continues Part 3 of a series on the Kelly criterion and its application to sports betting. Part 1 provides an introduction to the Kelly criterion and a worked example. Part 2 provides a simple derivation. This post extends the Kelly criterion...

Kelly Criterion – Part 3b – Accounting for the Time Value of Money

This post continues Part 3 of a series on the Kelly criterion and its application to sports betting. Part 1 provides an introduction to the Kelly criterion along with a worked example. Part 2 provides a simple derivation of the Kelly criterion. Part...

Kelly Criterion – Part 3a – Backing and Laying Bets with Betfair

This post is Part 3 of a series on the Kelly criterion and its application to sports betting. Part 1 provides an introduction to the Kelly criterion along with a worked example. Part 2 provides a simple derivation of the Kelly criterion. Part 3 in...

Kelly Criterion – Part 2 – Derivation

This post is Part 2 of a series on the Kelly criterion and its application to sports betting. Part 1 of this series provides an introduction to the Kelly criterion along with a worked example. This post provides a simple derivation of the Kelly criterion,...

Kelly Criterion – Part 1 – Introduction

In an earlier post I showed how to determine whether to place a bet on a particular sporting outcome. While the post discussed whether to bet, it didn’t determine how much to bet. This post will serve as the first of a series to discuss the Kelly...

Managed to Green Up for the French Open

I managed to “green up” for the Woman’s title in the 2010 French Open. By this I mean I managed to lock in a profit regardless of the outcome. I’m now on a streak for woman’s tennis. I prefer betting on the woman than...

Get a free 2010 FIFA World Cup Jersey!

As a follow up to its previous promotion, Luxbet is now offering new members a 2010 FIFA World Cup jersey of your choosing from the 2010 FIFA World Cup. Sign up before July 18 2010 and deposit $150 or more to receive your jersey. I’ve just looked...

Accounting for the time value of money in betting decisions

Most punters know that in deciding whether to bet, you should first estimate the probability of a particular outcome, and then compare that probability to the inverse of the betting odds. But how many of us factor the time value of money into our betting...