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is that 1/10 per bet or per card?
i tend to bet about 1-5% of my bankroll per fight, to a total of 10-15% of bankroll for a given event.
am i being overly concervative, or does that sound about right?
I don't think that's too bad. I don't think anything is too bad as long as you don't bet 100% of what you have. Expected growth for 100% is always 0. I do 1/8 of Kelly per bet, but I also only calculate it from the portion of my bankroll I have set aside for MMA/Boxing. My NBA and Baseball money stay separate.
I'm not entirely sold that Kelly is the best way to bet MMA, mainly because the line movement is so extreme. Look at Jon Tuck awhile ago. Started at +125 and ended at -360 or something. Everyone, no matter what they had capped it, would have a huge portion of bankroll on that fight according to Kelly.
Kelly is more useful in Baseball, when your edge is less insane.