Fractional Kelly
The conservative version of the Kelly Criterion to protect your bankroll
Educational tool • Bet responsibly
📖 What is Fractional Kelly?
Fractional Kelly is a more conservative version of the Kelly Criterion. Instead of betting the full amount suggested by the formula, you bet only a fraction of that amount (usually 25% or 50%).
This approach significantly reduces bankroll volatility and the risk of ruin while maintaining most of the growth potential.
Fractional Kelly is recommended for the vast majority of bettors, especially beginners.
📊 Comparison: Full Kelly vs Fractional
Full Kelly (100%)
- ✓ Maximum theoretical growth
- ✗ High volatility
- ✗ High risk of ruin
Profile: Professional
Kelly 50%
- ✓ Good balance
- ✓ Reduces volatility
- ✗ Lower growth
Profile: Intermediate
Kelly 25%
- ✓ Low volatility
- ✓ Controlled risk
- ✓ Ideal for beginners
Profile: Everyone
Kelly 10%
- ✓ Very low risk
- ✓ Protects bankroll
- ✗ Slow growth
Profile: Small bankrolls
🧮 Fractional Kelly Calculator
Full Kelly
0%
Adjusted Kelly
0%
Expected Value
0%
Recommended Bet
$0.00
Risk Level:
📊 Comparison: Full Kelly vs Kelly 50% vs Kelly 25%
| Probability | Odds | Full Kelly | Kelly 50% | Kelly 25% | Bet ($1000) |
|---|---|---|---|---|---|
| 55% | 2.00 | 10% | 5% | 2.5% | $25 |
| 60% | 2.00 | 20% | 10% | 5% | $50 |
| 65% | 2.00 | 30% | 15% | 7.5% | $75 |
| 55% | 2.50 | 8.3% | 4.2% | 2.1% | $21 |
| 60% | 2.50 | 16.7% | 8.3% | 4.2% | $42 |
| 55% | 3.00 | 6.7% | 3.3% | 1.7% | $17 |
📈 Simulation: Bankroll Growth
Full Kelly
$0.00
Kelly 50%
$0.00
Kelly 25%
$0.00
Fixed Bet 5%
$0.00
Full Kelly:
0%
$0
Kelly 50%:
0%
$0
Kelly 25%:
0%
$0
Fixed Bet 5%:
0%
$0
Initial Bankroll:
0%
$0
* Simulation based on controlled randomness
✅ Advantages of Fractional Kelly
Protects Bankroll
Reduces risk of ruin
Consistent Growth
Maintains potential
Less Stress
Reduced volatility
Ideal for Beginners
Learn safely
For Educational Purposes Only: Bet responsibly.
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Frequently Asked Questions
What is the Kelly Criterion?
A mathematical formula that calculates the ideal percentage of bankroll to bet based on estimated edge.
Is Kelly better than Martingale?
Kelly is considered safer for long-term bankroll management, while Martingale is riskier.
What is Fractional Kelly?
Using only a fraction of the recommended Kelly value (e.g., Kelly/2) to reduce volatility.
Does Kelly guarantee profit?
No, but mathematically maximizes bankroll growth long-term with a positive edge.