How best to take advantage of these selections?
At the moment i am dutching for a profit, this means equal profit no matter who wins, sounds simple enough, but what if we have a situation like Black Caviars race where the prices have a huge difference or take today's race Wangaratta race 6 the 2 horses were priced at $3.90 and $17.50 dutching these would return me about $20 profit splitting the stake would return me $9.50 and $77.50 profit. Big difference on the longer priced runner, is there more options i was thinking maybe bet in units depending on price, your thoughts. |
The best way to do this is to work out your confidence on each selection and assign odds to each.
Based on the estimated odds (and assuming they are better then the market) you kelly stake them (or half kelly to be safer). |
That's not a bad idea, since these ratings are created by my excel sheet and i have no emotional input i could use the rated price but i have no confidence in the section that creates the price so i might convert the strike rate in to the price and kelly stake to that.
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Result 3/8 SR 37.5% Outlay 16 Return 22.37 Profit 6.37 |
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Ended up with a 2 unit bet today for a loss
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Result 1/4 SR 25% Outlay 8 Return 4.82 Loss $3.18 |
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Result 3/6 SR 50% Outlay 12 Return 13.33 Profit $1.33 |
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