| Memsie |
20th November 2008 07:03 AM |
Hammers, given the volume of your selections you have enough data to divide these selections into various price ranges and calculate the Kelly criteria for each of these. eg <$3.50,$3.50-$5.50, $5.50-$9.00, $9.00-$21.00, >$21.00. But you would need to know the price of every selection not just the winners in order to calculate the Strike Rate (Prob. of winning) for each price range.
What you then would also need to factor in is - what is difference between the best price you can get and the price you used (SP or Home Tote) for each price range. Typically the shorter priced selections do not show as much profit but the Best Fluc for these can be more than 10% better than SP or Home Tote.
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