We are providing the real-time Return on Investment (ROI) information of our ELF model for the 2016-2017 season.
Using a simple 1/2 Kelly Criterion structured for simultaneous betting, these charts will track the profitability of the models for this season. It will update daily.
Here is an example on how we calculate simultaneous bets: if I have two bets on one day, one calling for a full kelly wager of 2.5% and another calling for a 2% wager then I would bet (1-.025)*(1-.02)*2.5% = 2.387% on the first wager and (1-.025)*(1-.02)*2% = 1.91% on the second wager.
Keep in mind the following:
Displayed as + percentage of bankroll. There is no reinvestment of earnings.