Oh my the info in this thread.
I've often said that a flat risk amount is best, especially for posters trying to stay in the game and I've even argued against a fully Kelly betting strategy in the Think Tank. I've even shown the cost of varying your bet size, say with betting a flat percentage of an adjusted bankroll, and it can be high.
That said, if you're capable, partial Kelly is basically the way to go but if you're not really estimating an edge, mathematically, then it simply can't apply.
I excercise safety in numbers and make many smaller bets plying a much smaller edge, but the volume can add up, in some strategies. Other strategies have a much larger bet size, a different bankroll, and are some of the best bets I make.
It's all part of diversification that makes up a bigger picture of "income streams" from different market action, including LIVE, hedge, arb, middle, etc.
Track your bets and why you made them.
And for those who are really keeping track, keep an eye on your breakeven percentage as it changes when you change your bet amounts.
I've often said that a flat risk amount is best, especially for posters trying to stay in the game and I've even argued against a fully Kelly betting strategy in the Think Tank. I've even shown the cost of varying your bet size, say with betting a flat percentage of an adjusted bankroll, and it can be high.
That said, if you're capable, partial Kelly is basically the way to go but if you're not really estimating an edge, mathematically, then it simply can't apply.
I excercise safety in numbers and make many smaller bets plying a much smaller edge, but the volume can add up, in some strategies. Other strategies have a much larger bet size, a different bankroll, and are some of the best bets I make.
It's all part of diversification that makes up a bigger picture of "income streams" from different market action, including LIVE, hedge, arb, middle, etc.
Track your bets and why you made them.
And for those who are really keeping track, keep an eye on your breakeven percentage as it changes when you change your bet amounts.