Fractional Kelly calculator

What does this result mean?

The full Kelly fraction is a share of the hypothetical bankroll; errors in the win probability can change it substantially. Fractional Kelly scales that fraction. Net odds exclude returned stake. Binary independent bets with a known edge are assumed; this is not a poker cash-game buy-in formula.

How to use the answer responsibly

Treat the calculator as a planning tool, not a verdict on one session. A live poker input is usually an estimate: your win rate is noisy, your standard deviation changes by game type, and your future volume rarely matches the clean number you type into a form. The useful habit is to save the assumptions beside the result so you know what would need to change before the decision changes.

If the result pushes against what you wanted to do, do not smooth the inputs until the answer feels nicer. Make the conservative version first, using a lower win rate, a higher swing rate or fewer weekly hours. Then run the optimistic version. The space between those answers is the real decision area: where a shot needs a stop rule, where a move up needs more buy-ins, or where a good-looking hourly still needs a bigger sample.

Overshove calculators become more useful when the inputs come from your own logged sessions. Rake, tips, travel, hours, stake mix and session length all change the number. A generic benchmark can teach the shape of the problem, but a clean personal log gives the number you should actually act on.