Max stake relative to bankroll
We recommend using a maximum stake on your bets. The max stake is set in percent relative to your bankroll.
Example: You have a total bankroll of €1,000 and you set your max stake to 2%. ValueBetting will then limit your stake to €20, even if the Kelly stake sizing suggests a higher stake.
Setting a max stake is done to reduce variance. Also remember to update your bankroll often.
Generally, the fractional Kelly criterion is a better method to get maximum long-term profit. However, you might also want to reduce variance, especially when starting out. This is best done with setting a safe max stake of around 1%. If you’re all about maximizing your profits, and can handle downswings, you might want to increase max stake to 2% and let the Kelly criterion work more effectively.
Set your max stake, and more settings, under Options.