Start Bank: $198,00
Mr. Kelly's Bank: $236,96 (+ 1,084,80 % profit)
Mr.Kelly's Start Bank: $20,00
Trader Phil's Bank: $84,72 (- 15,38% profit)
Trader Phil's Start Bank: $100,00
Howdy y'all!
This is John-Boy Kelly writin' fo' TheSnapper today fo' yo' all, ah reckon. Ah's so'ry t'repo't thet TheSnapper is unable t'update th' blog today on account o' he is currently in horspital follerin' a fight wif Trader Phil, ah reckon. TheSnapper fired Trader Phil af'er he lost mo'e moeny, which prompped Trader Phil t'throw a chair at TheSnapper. Th' Snapper responded wif a box of fishin' tackle on over Phil's haid. They they began rasslin' an' crashed down a flight of stairs, off th' dock an' into th' water...ennyway...to make a long sto'y sho't, Trader Phil is gone an' TheSnapper will probably return agin t'morry.
Th' docko's say TheSnapper is doin' fine an' shoud be able t'walk agin soon, as enny fool kin plainly see. He axed me t'write th' blog today fo' him an' say a few wo'ds about tradin'...
It is mighty clear t'me thet th' main principle which all gamblers sh'd foller is th' concepp of compundin' bank growth. Thar is a mathematically proven oppimum solushun fo' stake sizes. Th' problem wif Trader Phil is thet he is still makin' menny bets which is not oppimum, dawgone it....in fack they is nearly ran'om, dawgone it. Ran'om bettin' on Betfair will kill yer bank rather quickly. Y'all usually kin expoeck t'lose 3-5% per bet.
nnyway, thass whut ah have been tryin' t'tell TheSnapper an' ah reckon he now unnerstan's me.
ah's glad thet Trader Phil is gone, an' let me tell yo' all whuffo' thet is.
So, remember, tradin' is tradin' an' bettin' is bettin'. Don't mix them togither unless yo' kin improve th' results of one of them as a gamblin' system, dawgone it. ah recommend jest stickin' t'1 bet per event, when yo' knows th' edge an' yer bank. Shet mah mouth! Let th' math does th' ress fo' yo'.