kelly_back_dec {RKelly}

Kelly for back bet

Description

Kelly for back bet

Usage

kelly_back_dec(price, p, commision_rate)

Arguments

price

Price to back in decimal odds

p

Probability of event to to materialise

commision_rate

Rate of commision charged on WINNINGS

Value

Kelly optimised fraction of stake relative to bank

Examples

kelly_back_dec(2,0.5,0.05)