A method and apparatus for estimating packet loss rate are described including calculating a real packet loss rate in a time slot at the end of the time slot, estimating average packet loss rate for a subsequent time slot, estimating variance of packet loss rate for the subsequent time slot and estimating the packet loss rate for the subsequent time slot. A method and apparatus and also described for dynamically allocating available bandwidth for video multicast including selecting an intra-frame rate, determining a packet loss rate threshold, receiving user topology information, receiving channel conditions for each user, determining an optimal operation point for encoding and transmitting video frames in a subsequent time slot, adapting dynamically quantization parameters and a forward error correction code rate, encoding the video frames using the quantization parameters and applying forward error correction code with the forward error correction code rate to data packets of the video frames to generate forward error correction packets.