Start Bank: $198,00
Mr. Kelly's Bank: $344,77 (+ 1623,70 % profit)
Mr.Kelly's Start Bank: $20,00
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A new all-time high for the bank of $1483,28 was hit yesteday. Mr. Kelly also stormed back with a profit of $53,29.
His bets were:
Runner Stake Odds Liability Result
Sharp Bullet $22,03 2,72 $37,89 $22,03
Tenhoo $31,67 1,99 $31,35 -$31,35
Loukaja $22,88 2,48 $33,86 $22,88
Naledi $19,20 2,7 $32,64 $19,20
Tro Nesa $20,53 4 $61,59 $20,53
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The reserve bank, invested in stocks and bonds, is worth $750,58 as of Friday.
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Thanks to Mr.Kelly for writing the blog yesterday. Unfortunately, I was in hospital following a disagreement with Trader Phil. We have ended our cooperation on "mutual agreement"...
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A few words today on the Trader Phil situation.
Not all of our searches for edges will be successful. Sometimes you will find something, but most times you won't. That is why it is crucial to build up a small bank using an edge...by starting small it tests the validity of your edge without risking your bank. As Mr. Kelly always says, "A GOOD EDGE PAYS IT'S OWN WAY". Don't forget it.
How much did I start with? Look at the top of this blog. That's right, $198. And some people wrote me saying it was crazy to start off with such a small bank, and that it was unrealistic to think you can grow $198 into $100,000+.
They are wrong, and Mr.Kelly and I are proving it. Together, we have now doubled our starting capital 3 times.
Stay tuned!