TheSnapper

TheSnapper    $1 598,48
Mr.Kelly    $478,20
Soccer      $200,00
Reserves    $1 067,22
   
Total Funds    $3 301,58
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No action for Mr. Kelly yesterday, as I left his USB plug in a different computer. I was busy, however, winning 10/15 bets for a gain of $6,43. My stake has now moved up to $7,99 for today....compounding those small profits into large profits!

My stats for the month are:
Total Bets    Total Wins    Win%    Total Stake    Total Profits    Units in Profit    Edge    Edge by Stake
273    182    66,67%    $1 131,03    $98,48    13,01    4,77%    8,71%

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I've added a bank for soccer trading and betting ideas, which I will be using in the future. I haven't used it yet, but I will update it as I go
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There will be no more changes to my betting system or staking now. I am happy with the way it is set up and I am looking forward to getting on with my compounding strategy. Now, it will just be a straight grind session...Here is a quick review of my two banks:

TheSnapper -- a fixed 1% of half-bank stake. Re-calculated daily. Laying horses in the place market which are good value (usually steamers and fancied outsiders), prices up to 4.0. The other half of my bank is held in reserves, which are invested outside of Betfair and collect interest.

Mr.Kelly -- a fixed Kelly betting stake based on half of his bank, and assuming a 4% edge per bet (based on his stats). His stake size ranges from 0,4% to 12% depending on the price of the horse. This stake is recalculated after each race, with only one selection per race. The other half of his bank is held outside Betfair in investments. Profits from Mr.Kelly will be split between his betting bank and the reserves.

The Reserves -- invested equally in stocks and bonds. Shannon's Demon is an equilibrium strategy which compounds your profits over time. Profits from betting will be sent here for investment, building the reserves.Even if the betting banks get completely exhausted, profits from the reserves can be used to rebuild them and keep betting. This effectively "firewalls" your gambling funds (and liabilities) from your other finances.

I'm closing down everything else to focus on the compounding effect we will need to get to our goal.

Florida, here we come!
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