Messages

Forum Index : Systems & Strategies : Messages
Author: [Systems & Strategies] Topic: Kelly criteria question
Stake24 send a private message View Space | Friends | Playbook |
Stake24
Participation Meter
Prospect
Joined: Apr 2007
Posts: 346
Location: Nevada
#1
Posted: 12/22/2011 2:51:33 PM
Forgive my ignorance but will kelly betting work with underdogs? I think the answer is yes but everytime I calculate a kelly bet with an  underdog I come out with a negative number.
quote
dj_destroyer send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Pinnacle Sports |
dj_destroyer
Participation Meter
Veteran
Joined: Mar 2009
Posts: 3124
Location: Ontario
#2
Posted: 12/22/2011 3:30:05 PM
Kelly works for anything that you can set probabilities to... so yes, underdogs are fine.
quote
Stake24 send a private message View Space | Friends | Playbook |
Stake24
Participation Meter
Prospect
Joined: Apr 2007
Posts: 346
Location: Nevada
#3
Posted: 12/22/2011 4:29:26 PM
I'm a moron I had the odds backwards.

How many people currently use this system? And how much success have you had?
quote
dj_destroyer send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Pinnacle Sports |
dj_destroyer
Participation Meter
Veteran
Joined: Mar 2009
Posts: 3124
Location: Ontario
#4
Posted: 12/24/2011 3:01:43 PM
Kelly is a bit aggressive for most people... quarter Kelly or half Kelly is a bit better suited for long term results. But yes, overall, Kelly is the best money management system if you're good at finding edges.
quote
Diamondjake send a private message View Space | Blog | Friends | Playbook | My Sportsbook: BetJamaica.com |
Diamondjake
Participation Meter
Rookie
Joined: Jan 2007
Posts: 865
Location: Missouri
#5
Posted: 12/26/2011 11:12:06 AM
Kelly only works if you have an advantage. Good ways to manage your money regardless but still need 53% winners.
quote
Forum Index : Systems & Strategies : Messages
You have entered the forum as a GUEST. 
You must login/register to post or reply.