Free Betting Calculators

Kelly Criterion, Odds Converter, Accumulator & Hedging โ€” the tools professional bettors use, free for every global punter.

Kelly Criterion Stake Calculator
Enter your bankroll, the decimal odds, and your estimated win probability. The Kelly formula calculates the mathematically optimal stake to maximise long-term growth.
Use decimal odds (1.90, 2.50 etc.) โ€” standard on Linebet, 1xBet, MegaPari
MalluSports AI gives you this for every pick
Enter your values and click Calculate

What is Kelly Criterion?

The Kelly Criterion is a mathematical formula developed by John Kelly Jr. at Bell Labs in 1956. It calculates the optimal fraction of your bankroll to bet on any selection, given the odds and your edge over the bookmaker.

Kelly % = (bp โˆ’ q) / b
b = decimal odds โˆ’ 1  |  p = win probability  |  q = 1 โˆ’ p

Most professional bettors use Half Kelly (50% of the Kelly recommendation) to reduce variance while still growing their bankroll optimally. MalluSports uses Full Kelly calculations internally but delivers Half Kelly stakes in the app.

  • Positive Kelly % = bet has positive expected value โ€” place it
  • Zero or negative Kelly % = no edge โ€” skip this bet
  • Never bet more than 5% of bankroll on a single selection, even if Kelly says so
Betting Odds Converter
Convert between decimal, fractional, and American (moneyline) odds instantly. Enter any one format and the others update automatically.
Implied Probability
$100 stake returns
Profit on $100

Which odds format do global bookmakers use?

Linebet, 1xBet, Bet365, and MegaPari all default to decimal odds worldwide. Decimal odds of 2.00 mean you double your money (including your stake) on a win. Anything above 2.00 is an "odds-against" bet (you win more than you staked). Anything between 1.01 and 2.00 is "odds-on" (the bookmaker thinks this is likely to happen).

  • Decimal 1.90 = Fractional 9/10 = American -111
  • Decimal 2.00 = Fractional 1/1 (Evens) = American +100
  • Decimal 3.00 = Fractional 2/1 = American +200
Accumulator / Parlay Calculator
Add each leg of your accumulator. The calculator shows combined odds, potential return, and required win probability for the acca to be value.
Add selections and a stake to calculate

Are accumulators worth it?

Accumulators are high-risk, high-reward. Because each leg must win, the probability multiplies โ€” a 4-leg acca with each leg at 60% win probability has only a 12.96% chance of landing. Bookmakers love accumulators because the house edge multiplies with each leg added.

MalluSports recommends: if you bet accumulators, limit to 3 selections, use only picks with positive expected value, and keep your stake small (1-2% of bankroll).

Hedging Calculator
Calculate a hedge bet to guarantee profit or minimise loss. Enter your original bet details and the current opposing odds.
The odds on the opposite outcome now (live or on a different book)
Enter your bet details to calculate the hedge

When should you hedge a bet?

Hedging means placing a bet on the opposite outcome to your original bet, to lock in a profit or reduce a potential loss. It makes sense when your original bet has moved strongly in your favour (the opposing odds have dropped) and you want to guarantee a return.

Example: You backed a team at 3.50 to win the league. Halfway through the season, the opposing odds (for them NOT winning) are now 1.40. A hedge bet on the opposite outcome can lock in profit regardless of the final result.

Expected Value (EV) Calculator
Calculate the expected value of any bet. A positive EV means the bet is mathematically profitable long-term. MalluSports only sends picks with positive EV.
MalluSports Poisson model gives this for every pick
Enter odds, probability and stake to see expected value

What is Expected Value in betting?

Expected Value (EV) tells you the average profit or loss per bet over the long run. A positive EV means you will profit on average if you make this bet repeatedly. A negative EV means the bookmaker has more edge than you.

EV = (Win Probability ร— Profit) โˆ’ (Loss Probability ร— Stake)
EV % = EV / Stake ร— 100

MalluSports uses Poisson distribution to estimate true win probability for every match, then only publishes picks where our probability implies a positive EV against the available odds.

18+ | Responsible Gambling: These calculators are educational tools. Betting involves financial risk. Only bet what you can afford to lose. Responsible Gambling โ†’