Originally Posted by
Hansi
Hi there SBR,
My betting has been successfull for quite some time now, but i've always wondered if i i'm really approaching it correctly, and if there's something i could do better.
So far, i've recorded a 104% ROI on 1764 bets in a 5 month period. About 10 plays a day. Average odds 1.91-2.0
My method right now is the following
Say i have a roll of 10.000. I play 2-2,5% on each bet at even odds or lower. Higher than evens will be corrected to lower stakes. I do that until i reach a high/low win or loss goal. That could be 20% of my bankroll. At that point i will correct my percentages again.
So, technically i can lose 18% of my bankroll, but still place the next bets with the stakes that was set before the losing streak. This is obviously the approach i'm afraid of.
If i was placing 1 bet a day, i could obviously use the fractional kelly with ease, but when you sometimes hit 15 plays in a single day, the bankroll fluctuates so much in a 24 hour period. Sometimes you place three bets at the same time, while having 10 unsettled plays. Difficult to implement kelly.
You guys have any advice?
Thanks a lot