Bankroll Management for Sports Trading and Betting Using the Kelly Criterion for Stake Sizing

Understanding the Kelly Criterion is key for any bettor with a goal of becoming a professional sports bettor and do sports betting for a living. This video explains the following topics

1. What is the Kelly Criterion?
2. How to apply it when trading sports and betting.
3. How it relates to profits and risk.
4. Why the Kelly Criterion is superior to flat stake sizing for bankroll management.