New Posts For Thread: Maximising profit against loss?https://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-lossI'm doing extremely well percentage wise on Betfair (eg i'm winning approximately 88% of the time).This got me to thinking about maximising my profit against losses though. I've heard of the Kelly thing but having masses of formulas chucked at me jusHello there pipunch.If you know your average loss and win, then i would say work out what percentage of your bank you want your average loss to be, and then just base your stake on that.e.g. if you had a bank of £100 and you wanted to risk 8% of youhttps://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516740923#516740923Hello there pipunch.If you know your average loss and win, then i would say work out what percentage of your bank you want your average loss to be, and then just base your stake on that.e.g. if you had a bank of £100 and you wanted to risk 8% of youThu, 23 Feb 2012 14:30:53 -0600Yeah but only for a fraction of the liability. For example on a tenner, my average win would be about £3.My average loss would be about £8.https://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516721499#516721499Yeah but only for a fraction of the liability. For example on a tenner, my average win would be about £3.My average loss would be about £8.Thu, 23 Feb 2012 06:46:06 -0600the 88% of time that you win, you green upthe 12% of time that you lose, do you red up?https://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516720075#516720075the 88% of time that you win, you green upthe 12% of time that you lose, do you red up?Thu, 23 Feb 2012 05:52:21 -0600It's only ever category B for me. The only time this changes is if:A) I think it'll be an end-to-end goalfest whereby i might not have time to trade out, i'll back both teams in the hope of backing a draw later as security, i feel this is best becaushttps://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516630645#516630645It's only ever category B for me. The only time this changes is if:A) I think it'll be an end-to-end goalfest whereby i might not have time to trade out, i'll back both teams in the hope of backing a draw later as security, i feel this is best becausTue, 21 Feb 2012 04:47:51 -0600Further to what I wrote:You need to look at your categories of betting then develop a staking 'strategy' from there.https://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516630303#516630303Further to what I wrote:You need to look at your categories of betting then develop a staking 'strategy' from there.Tue, 21 Feb 2012 04:29:25 -0600Here is one aspect to think about:There are three categories of plays/positions.a) Going in with the intention of backing (or laying) an outcome.b) Going in with the intention of trading a position and having a profit or loss before the event is finihttps://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516630283#516630283Here is one aspect to think about:There are three categories of plays/positions.a) Going in with the intention of backing (or laying) an outcome.b) Going in with the intention of trading a position and having a profit or loss before the event is finiTue, 21 Feb 2012 04:28:08 -0600I'm doing extremely well percentage wise on Betfair (eg i'm winning approximately 88% of the time).This got me to thinking about maximising my profit against losses though. I've heard of the Kelly thing but having masses of formulas chucked at me jushttps://community.betfair.com/general_betting/go/thread/view/94082/28936667/maximising-profit-against-loss?post_id=516629637#516629637I'm doing extremely well percentage wise on Betfair (eg i'm winning approximately 88% of the time).This got me to thinking about maximising my profit against losses though. I've heard of the Kelly thing but having masses of formulas chucked at me jusTue, 21 Feb 2012 03:51:53 -0600