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Question for anyone that uses the Kelly Criterion in ATRpro.
On page 28 of the PDF file they offer it give an example of how they use the Kelly methodology. It seems they calculate the Kelly bet in isolation. In their example they bet four horses in the race .... based on the M/L ... a line that is not normalized to 1. That aside, the bet amounts are not correct if you plan on betting on all four horses. The bet amounts increase if you play more than one horse. The correct bet amounts are as follows ... based on a $950 bankroll:
#1: $145
#5: $127
#6: $183
#8: $161
ATRpro lists the bet amounts as follows:
#1: $102
#5: $53
#6: $146
#8: $82
Is this how it works on ATRpro, or is it different with the latest version of the program?
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