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