I barely ever approach Kelly-like calculations because I don’t really know how; I have to look up the formula every time
FWIW the version that I think I’ll manage to remember is that the optional fraction of your bankroll to bet is the expected net winnings divided by the net winnings if you win.
FWIW the version that I think I’ll manage to remember is that the optional fraction of your bankroll to bet is the expected net winnings divided by the net winnings if you win.