Friday, 15 May 2009

A Screenshot Is Worth A Thousand Words

4 comments:

Anonymous said...

That made me smile!

Curly

Alistair said...

Looks like an excellent laying service to me. LOL!

Alistair

PhilipH said...

Thanks for the link to the "Kelly" item Cassini. It was interesting but stands or falls on the punter's assessment of the odds. Aye, there's the rub!

A simple fixed percentage of the bank would be both easier to work out and probably as good, over the long term. Well, that's my take on it.

Phil

Anonymous said...

Phil,

For a basic foundation of staking, the small, fixed percentage approach is very wise and prudent.

However, it pays to be aware of "Kelly principles" and to possibly, incorporate into your betting at some point as its raison d'etre (spelling?!) is optimum growth.

For example, lets say a fixed stake bettor always uses 2% of his bank on each bet. By chance, on a particular bet, he runs the numbers through the Kelly method and the suggested stake is 1%. Right there, the Kelly method has improved the bettor even though he isnt actually using the method directly as under no circumstances should the Kelly stake be exceeded. Now the bettor doesnt have to have 1% on it, he doesnt even have to have the bet at all but he shouldnt have any more then 1% on this particular bet.

JPG