Start Bank: $198,00
Mr. Kelly's Bank: $643,06 (+ 3115,30% profit)
Mr.Kelly's Start Bank: $20,00
(I withdrew $15 from Betfair and sent it to the reserve bank. The Demon now has $819,58)
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Mr. Kelly was on a rampage yesterday again. He hit 3/3 winners for a profit of $132,41 (+25,8% increase in his bank).
I went 3/4 for $30,68 (+ 1,9% increase in bank).
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How Charles Darwin can help you make money at gambling.
It occurred to me while I was out on the boat today that nature is kind of like a gambler testing new gambling ideas, searching for an edge. For a gambler, like a species , an edge means survival.
A species changes and mutates, it adapts to its environment and tries to become more efficient in it's edge (food) and compounding its species growth (reproduction). In that sense, a species is like a gambler trying different ideas, looking for edges in the betting market, with the goal of compounding his bank growth. Just like a species in nature.
So we should look at this idea and use it in our gambling. We need to be like nature. Take a small, fledgling bank ...take $100 for example, but any small amount will do, really. Set it up to test your idea for an edge out. In fact, make several small banks for several ideas you may have. (One bank for each idea. Keep them separate. Keep records carefully for each bank. The more, the better, actually...just as in nature). As in nature, not all your ideas will work out. Only the efficient will survive, grow and expand. As they expand, that bank should grow, taking more of your resources (you should apply Kelly staking to each bank to reward success and punish failure). In effect, you use your own competition among your ideas to evolve the best (most profitable) strategy. The failing strategies will fall by the evolutionary wayside, just as in nature...maybe through a poor edge, incredible bad luck (think about the dinosaurs and the bad luck that hit them!), or just having a better strategy outperform it over the long run.
The idea is that just as in nature there are many succesful evolutionary strategies, in gambling and investing there are also many strategies. You should harness the power of evolution to find successful gambling strategies which work for you. Remember, you only need one successful strategy to evolve. Let your bad ideas go extinct and reward your own evolutionary success.
But remember....start small and be patient. Dinosaurs grew and evolved over 150 million years from tiny lizards! Be patient, like nature and you will succeed.