- Bankroll – how much money you have available to bet.
- Odds – your net odds received, e.g. in the field below you would enter ‘3’ if the odds are 3 to 1.
- Probability – your estimated probability of winning.
- Adjusted Kelly – what percentage of the Kelly Criterion you want to bet. For example, to only bet a half-kelly you would enter 0.5 in the field below. To bet the full amount, leave this field as 1.
Kelly Criterion ($): $1200.00
Kelly Criterion (%): 60.00%
Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.
Zach's favorite free financial tool he's been using since 2015 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.
His favorite investment platform is M1 Finance, a site that allows him to build a custom portfolio of stocks for free, has no trading or maintenance fees, and even allows him to set up automated target-allocated investments.
His favorite way to save money each month on his recurring bills is by using Trim, a free financial app that negotiates lower cable, internet, and phone bills with any provider on your behalf.
His favorite micro-investing app is Acorns, a free financial app that takes just 5 minutes to set up and allows you to invest your spare change in a diversified portfolio.
His favorite place to find new personal finance articles to read is Collecting Wisdom, a site that collects the best personal finance articles floating around the web on a daily basis.
Latest posts by Zach (see all)
- Sunday is for Sharing: Volume 136 - January 26, 2020
- On Self-Employment: Taxes, Health Care, & Productivity - January 23, 2020
- Apply Zipf’s Law to Your Finances - January 21, 2020
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.