Thanks for the reply Shaun, yes the smoke and mirrors alive and well again, I mean, overlays according to who?

I want cold hard facts, i.e. ok, so you use the Kelly, cos you are pretty good at assessing the % chance, so after 1000 bets (say) you have hundreds of differing amounts invested, what I'm asking is IF you total the whole lot up and see what your POT is in relation to the amount bet and the total number of bets.

lets just say for arguments sake that the total amount bet was $20,000 and the total profit was $1000 so you have a 10% POT

So now do the exercise divide the total amount bet ($20,000) by the number of bets ($1000) so we have an average bet of $20, so now what would have been the result of having $20 on each selection (i.e. level stakes)

This dimwit says (possibly in ignorance) that the resulting POT will be exactly the same!