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Originally Posted by alydar_David
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?"
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No David. lets not give up yet
For me a flat bet at the beginning of each 20 race cycle based on
a percentage of my total win bank roll always works best
For me betting more and sending it in never works well "Live"
It works great on paper but ... and any kind of betting
a percentage of total bank after each win fails too
because I have a low win percentage.