General Betting
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Lets say I have a 10% edge on my bets, i start with 3k and use 3% of my bank for each bet (so 100a bet). When i get to 6k i increase stakes to 200.
Question - Is there any way to optimize my staking plan after backing a certain amount of losers or winners along the way to my new ''starting bank''. And if so what is the best way?
Should i just put 3% of my revised bank on after each bet?
Question - Is there any way to optimize my staking plan after backing a certain amount of losers or winners along the way to my new ''starting bank''. And if so what is the best way?
Should i just put 3% of my revised bank on after each bet?
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Keep it at £100 til you hit £3,300, then bet £110
get to £3,600 then start betting £120.....etc
rather than be betting £103.67 or whatever and having to do sums after every bet
get to £3,600 then start betting £120.....etc
rather than be betting £103.67 or whatever and having to do sums after every bet
though the targets to increase to £110 and £120 and keep at 3% would be £3,666.67 and £4,000
And your £100 bets at the start are 3.33%, which is what confused me 
I suppose it depends wether it is a systematic edge, where all the bets are of equal expected value, or wether you'd expect to have a large edge on some, and small on others.
And what the average odds would be
I suppose it depends wether it is a systematic edge, where all the bets are of equal expected value, or wether you'd expect to have a large edge on some, and small on others.
And what the average odds would be
There's a key variable missing to determine what to stake: the odds you are betting at.
I would be betting according to price, not a % of the bank.
As the man says, the price is the key principal. The OP
doesn't mention what price range he is betting within, but
whatever it is, it can't be right to backing different
prices with the same stake. Different price different stake.
As the man says, the price is the key principal. The OP
doesn't mention what price range he is betting within, but
whatever it is, it can't be right to backing different
prices with the same stake. Different price different stake.
If you have not only a 10% Edge but a high Strike Rate too i would recommend Level Staking + high betting Volume instead,.... of course i dont know how the PC affects that all but basicaly Level Stakes make things very manageable....
Cheers
Cheers
Lets say I have a 10% edge on my bets
Let's say that would be a rare event, but if it was true, use Kelly.
Let's say that would be a rare event, but if it was true, use Kelly.
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