kelly_init
Initialize a Kelly Criterion betting session with bankroll, win probability, payout odds, and optional fractional Kelly to compute optimal bet size.
Instructions
Initialize a new Kelly Criterion betting session with bankroll, win probability, payout odds, and optional fractional Kelly
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| maxBet | No | The maximum bet amount (optional) | |
| minBet | No | The minimum bet amount (default: 1) | |
| payoutOdds | Yes | The payout odds (profit multiplier, e.g., 2.0 for 2x payout) | |
| winProbability | Yes | The estimated win probability (0-1, e.g., 0.55 for 55%) | |
| fractionalKelly | No | Fractional Kelly multiplier (0-1, default: 0.5 for Half Kelly) | |
| initialBankroll | Yes | The initial bankroll amount (e.g., 1000) |