Pace and Cap - Sartin Methodology & The Match Up - View Single Post - You're not as smart as you think you are...

alydar_ David · 09-04-2006, 10:31 PM

Thanks for the kind words, guys.

This whole point of the post though was the irony of money management.

Theoretically, you're better off increasing your bet per Wager Value, which is Edge * Odds. In other words, you bet more when things are looking good for the greedy.

"Can you believe they're letting this horse go at 7-1? It's time to send it in!"

However, in reality that's never been as lucrative as flat/percentage betting for me. Don't know why. Kelly betting (and fractional Kelly betting) is supposed to work, and in theory, it should. Can't really explain it, but flat betting (and increasing the amount of the wager as a percentage of your bankroll as your bankroll grows) has always generated a greater R.O.I. for me.

Once again it would appear betting and money management have garnished about as much interest as record keeping.

Never mind. We will now resume normal programming. "Who do you like in the fourth?"

09-04-2006, 10:31 PM	#4
alydar_ David Grade 1 Join Date: Jun 2005 Posts: 2,654	Thanks for the kind words, guys. This whole point of the post though was the irony of money management. Theoretically, you're better off increasing your bet per Wager Value, which is Edge * Odds. In other words, you bet more when things are looking good for the greedy. "Can you believe they're letting this horse go at 7-1? It's time to send it in!" However, in reality that's never been as lucrative as flat/percentage betting for me. Don't know why. Kelly betting (and fractional Kelly betting) is supposed to work, and in theory, it should. Can't really explain it, but flat betting (and increasing the amount of the wager as a percentage of your bankroll as your bankroll grows) has always generated a greater R.O.I. for me. Once again it would appear betting and money management have garnished about as much interest as record keeping. Never mind. We will now resume normal programming. "Who do you like in the fourth?"