Calculate Betting Returns
Number of possible outcomes?
Number of different possible bets?
Portion of net worth not currently bet:
Portions must add to 1. Odds are relative to their sum. Set your proportionate
for each possibility. (1 = you get your money back, 2 = 100% profit.)
Number of bets
Do normal approximation
Do Monte Carlo with
trials (can be slow)
Automatically optimize allocations?
Long term returns (Kelly)
Optimization is based on a normal approximation.