Quote:
Originally Posted by Justin7
If you went 60-40, you are 98% confident that your system is at leat 50/50. At 55%, you're only one standard deviation above, which is about 68%. But see my many warnings on this.
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i definitely understand the risks of any system betting strategy, but gambling itself is a risk right? also, i agree 100% that a system must be backed up by logic. thanks for your help on the win% estimate...it appears that as far as kelley goes it might be better to just estimate the percentage at around 53 to 55%.