General Betting

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03 Nov 09 13:00
Date Joined: 29 Aug 02
| Topic/replies: 7,112 | Blogger: Mully's blog
Is it made by CASSIO and what battery does it take?
Pause Switch to Standard View This KELY CALCULATOR I keep hearing...
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Report Compound Magic November 3, 2009 2:09 PM GMT
No it is a green machine and is solar powered. You use it for going all green.
Report DAN1974 November 3, 2009 2:33 PM GMT
I've had a look at it, but it doesnt tell you which horse to back, fecking useless imo.
Report DFCIRONMAN November 3, 2009 4:10 PM GMT
Report DFCIRONMAN November 3, 2009 4:10 PM GMT
Report Mully November 6, 2009 12:36 PM GMT
Thanks irons
Report cwithys0ccer November 6, 2009 12:42 PM GMT

Remembered this article from a few years back - based on the Kelly criterion but with a twist. Cheers
Report top2rated November 6, 2009 2:30 PM GMT

Click on Learn, then click on Book and staking plan and finally on APP1:Staking Plan
Report DFCIRONMAN November 6, 2009 4:39 PM GMT
cwithys0ccer - had a quick look at article , and it appears to be biased against KELLY calculations.

The key is being as accurate as possible re , not only the odds, but choosing the horse which you believe has best chance to win at value odds.

Of course if you believe the 5-4 shot is a 50% chance of winning in example shown, then, provided your TRUE ODDS are as accurate as possible.....then if you have an edge in betting you will win at value odds 50% of time on true 50% shots.

If you are poor at selecting the right horse with a chance to win, and also poor at estimating "accurate odds", then you will lose................................., but you would lose probably your bank if you did not use Kelly etc.It all depends on whether you have an edge and whether you can be as close to so called "accurate" probability of horse's chance to win....
Report November 6, 2009 6:24 PM GMT
i know a kelly..............
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