Current Bank: $1219,57 (+515,94% profit)
Start Bank: $198,00
Mr. Kelly's Bank: $91,03(+355,15% profit)
Mr.Kelly's Start Bank: $20,00
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Only managed 2 bets over the Easter weekend. Won both. The winner today was:
Runner Stake Odds Liability Result
Not Before Eight $21,89 3,6 $56,89 $21,89
Please don't think I spent much time reading the form of this race. I sat down, saw the crappy price, checked my stake and then laid it. I firmly believe in this philosphy...price is everything. Nothing else matters.
The results speak for themselves. Another all-time high for my bank.
I should be back to regular action and a full update tomorrow.
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I'm also glad to hear that a few followers have started to set up their own Shannon's Demon-type investment plans. That's great --- I believe gambling and investing are just aspects of the same thing -- risk management.
John Kelly said once that the only difference between gambling and investing was a minus-sign in front of the expected return.
How true!