Start Bank: $198,00
Mr. Kelly's Bank: $146,98 (+634,90% profit)
Mr.Kelly's Start Bank: $20,00
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So, you can see for yourself the wild roller-coaster Mr. Kelly is riding. Up to 1200% profit one day, and then down to 634% the next! Which goes to show you that with full-Stakes Kelly betting, Mr.Kelly has the same 50-50 chance of either doubling or halving his bank over the same amount of time. That's the mathematics of it. The half-Kelly staker improves this to 75-25%, but has lower profits over the long-run. That's not an opinion, by the way, that's the math of it.
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I'm working on a full stats analysis today if I can find the time. I'll try and post it later. I think it will clearly show how Mr.Kelly and I have nearly the same edge, strike rate and level stake profits, but he has more profits in the long run (in percentage terms) than I have, and we both easily defeat a level-stake better. This is a demonstration of the effect of this mathematics in practice. Every gambler should know this.
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The Race to Florida Stats since 08.03.2011
TheSnapper
Bets: 299
Wins: 205
Losses: 94
Win%: 69,7%
Average Odds Laid: 2,73
Level Stakes Profit: +65,03 pts.
Stake: $5095,16
Liability: $8115,57
Profit: $703,87
Edge: 13,8%
Mr.Kelly
Bets: 248
Wins: 172
Losses: 76
Win%: 69,3%
Average Odds Laid: 3,06
Level Stakes Profit: +45,02 pts
Stake: $1833,50
Liability: $3341,57
Profit: $121,02
Edge: 6,6%
(A point to note: Mr.Kelly has just dropped from a bank of over $250, so his stats are a bit skewed regarding edge which should be in the 10-15% range)