TheSnapper's Bank: $1 459,37
TheSnapper's Start Bank: $198,00
Mr. Kelly's Bank: $2 953,70
Mr.Kelly's Start Bank: $20,00
Longshot Larry's Bank: $177,76
Longshot Larry's Start Bank: $100,00
Shannon's Demon: $1 639,23
initial investment: $1 779,74
profit: -$140,51
Total Funds: $4 450,32
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A rather lame day yesterday for gambling, not much time for anything. I went 2/2 for $28,73 profit. Mr.Kelly was 1/2 for a loss of -$31,66 and Larry hit 2/3 but lost -$9,48. Still, his stats for laying horses are very good:
Total Bets Wins Losses Points Lost Total Points Profit Edge% Total Stake Total Profit Stake Edge%
273 237 36 195,00 42,00 15,38% $769,87 $72,91 9,47%
You can see that Larry has won 237 out of 273 bets. That's fine, but it is not important. The real secret is how little he has paid out on the 36 losers he has had. He has only paid out 195 points to cover those 36 losers, which leaves 42 points in profit for him. That is why I always say that it is only the price which matters, nothing else.
Now, all Larry needs is a lot of bets and a few big winning streaks to compound his profits.
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In poker, the GreenGiant hit the money for 2nd place yesterday and missed the cut once.