9th September 2006, 06:07 PM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Quote:
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Originally Posted by Mad Gambler
I have been using a selection method that has only 5 rules. So far, I have had 105 winners from 550 selections with a strike rate of 22%. My question is what staking plan would improve my profit.
Outlay $550
Return $565
Average div $5.67
mad gambler
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You sure know how to pick the right time for that type of question.
Stressing that I am not necessarily recommending this particularly for those with weak tickers, I'll run the Kelly Criterion by your claims.
Edge = 2.7%
Odds = 4.67
Edge/Odds = 0.58%
Suggesting you stake ~1/2% of your Bank.
Staking 1 half of 1% probably won't get you into too much hot water. |