Critério de Kelly

f* = (p·b − (1−p))/b.
Created by
Renato Passos, Eng. de Software
Reviewed by
Renato Passos, Eng. de Software

Last updated: Apr 18, 2026

f* (% capital)
33,33 %

Formula

Kelly

About this calculator

The Kelly criterion calculator is a tool used to determine the ideal percentage of investment in a bet or investment. It is based on the Kelly criterion, which takes into account the probability of winning and the reward ratio to determine the best investment strategy.

The formula used by the calculator is f* = (p·b − (1−p))/b, where p is the probability of winning and b is the reward ratio. This formula allows investors to determine the ideal percentage of investment to maximize the growth of their wealth over time.

The Kelly criterion calculator is useful in a variety of situations, including investments in stocks, options, and other financial instruments. It can help investors avoid excessive losses and maximize gains, especially in situations of uncertainty.

However, it is essential to exercise caution when using the Kelly criterion calculator, as it assumes that investors have a clear understanding of the probabilities of winning and the reward ratios. Additionally, the calculator does not take into account other important factors, such as market volatility and the investor's risk tolerance.

Frequently asked questions

What is the Kelly criterion?

The Kelly criterion is a formula used to determine the ideal percentage of investment in a bet or investment, based on the probability of winning and the reward ratio.

How does the Kelly criterion calculator work?

The calculator uses the formula f* = (p·b − (1−p))/b, where p is the probability of winning and b is the reward ratio, to determine the ideal percentage of investment.

What are the main benefits of using the Kelly criterion calculator?

The calculator can help investors avoid excessive losses and maximize gains, especially in situations of uncertainty.

What precautions should I take when using the Kelly criterion calculator?

It is essential to have a clear understanding of the probabilities of winning and the reward ratios, and to consider other important factors, such as market volatility and the investor's risk tolerance.

Can I use the Kelly criterion calculator for any type of investment?

Yes, the calculator can be used for a variety of situations, including investments in stocks, options, and other financial instruments.

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