Current Bank: $1197,68 (+ 504,89% profit)
Start Bank: $198,00
Mr. Kelly's Bank: $85,04(+ 325,20% profit)
Mr.Kelly's Start Bank: $20,00
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Just one bet for me, a winner for $18,67 pushes my bank to an new all-time high and breaks the 500% profit barrier. The total profit is now at $999,68, just a few cents short of cracking the first $1,000 needed for the Florida dream house.
This is not including Mr. Kelly or my flying Dutchmen carefully managing my reserve profits.
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Stats to date for half-bank, half-Kelly Stake betting:
Bets: 217
Stake $3667,87
Profit: $629,50
Edge: 17,1%
Wins: 148
Losses: 69
Strike rate: 68,2%
Profit at level stakes of $1: +$48,72
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Ladies and Gentlemen, the advantages of Kelly Staking are quite clear. If you don't use it, you are costing yourself serious pofits.
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Comments: 2
I just put it at $1 as a benchmark. Even at a very aggessive 5% flat stake ($10)of my original bank, that would have made a profit of only $480,72. Remember that my staking is very conservative Kelly staking...full Kelly staking would have resulted in a profit of $2518, but with much greater volatility!
Why do you compare with profit at level stakes of $1 and not, for example, $10 or $20?