Profit Consistency VS. Stake Consistency

[Vision]

I'm wondering what's the best method for placing bets. Should my wagers all be the same, or should I aim for an equal amount of profit outcomes?
I bet underdogs and I pay matchbook 1% of my winnings. Surely betting for equal profit or equal wagers give me an edge.

[Sinister Cat]

Well, a Kelly bettor (see other threads for discussion of Kelly) would be for equal profit, given equivalent edges.

[MrX]

I'm wondering what's the best method for placing bets. Should my wagers all be the same, or should I aim for an equal amount of profit outcomes?

If your goal is maximum expected bankroll growth, you should be betting to win a percentage of your bankroll that is equivalent to your expected value of each bet.

This is assuming no simultaneous wagers when things get a little more complicated. See Ganchrow's tools for that scenario.

I bet underdogs and I pay matchbook 1% of my winnings. Surely betting for equal profit or equal wagers give me an edge.

I see nothing in this sentence that assures a positive edge.

[onlinepokerpro31]

Solid post by MrX