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 balance long-term profit and risk than setting an arbitrary max stake size. So you might want to increase max stake to 3 or 4%, and let the Kelly percentage handle the variance.

If you use the Windows version…
Set your max stake, and more settings, under Options -> User.

User Preferences

If you use the Web version…
Set your max stake, and more settings, under Options.