Monte Carlo Simulator
Simulate thousands of betting scenarios to understand your risk of ruin, expected outcomes, and the range of possible results based on your edge and bankroll management.
Understanding Monte Carlo Simulation
Monte Carlo simulation runs thousands of possible betting scenarios using random number generation. Each simulation follows your specified win rate, odds, and bet sizing to produce a realistic range of outcomes.
The median outcome is often more useful than the average because it isn't skewed by extreme results. The 5th and 95th percentiles show you the realistic range of outcomes you might experience.
Use this tool to understand your risk of ruin and adjust your unit size accordingly. Even with a positive edge, betting too large a percentage of your bankroll can lead to ruin due to variance.
Variance & Portfolio Strategy Guides
Parlay Portfolio Theory (Advanced)
Apply Modern Portfolio Theory to betting. Use Monte Carlo to simulate entire portfolio outcomes.
Kelly Criterion Betting Guide
Optimal bet sizing to maximize growth while managing variance and risk of ruin.
Bankroll Management Guide
Learn unit sizing strategies and how to survive inevitable variance swings.
This calculator is for informational and educational purposes only. Results should be verified with your sportsbook before placing any wagers. All betting carries risk. Full Disclaimer
Props Optimizer
Take your sports betting analysis to the next level with Props Optimizer - tools and data to help you make more informed decisions.
Try Props Optimizer Free$ Partner Bonuses
Responsible Gambling
Gambling should be entertaining, not a way to make money. Only bet what you can afford to lose, and never chase your losses.
- Betting more than you can afford to lose
- Chasing losses with bigger bets
- Lying to others about gambling habits