Size a bet from your edge and bankroll with the Kelly formula.
The Kelly criterion sizes a bet in proportion to your edge: fraction = (b x p - q) / b, where b is the decimal odds minus 1, p is your win probability, and q is 1 - p. No edge means no bet.
Full Kelly assumes your probability estimate is exactly right, which it rarely is. Many bettors use half or quarter Kelly to cut the swings that come from overestimating an edge.
Strip the juice from any two-way line and see the fair price.
Check what a bet is worth given your odds and your win probability.
Combine up to eight legs and see the true payout and implied odds.
See how much margin the book has baked into a market.
Work out the hedge stake that locks in the same profit either way.
See what a bonus or free play is really worth after the rollover.