11th July 2005, 04:18 PM
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Member
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Join Date: Feb 2005
Posts: 160
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Suggetsion Box
I received a few emails during my week off with some suggestions so I'll make a couple of changes. I'll start using fractional Kelly betting for my staking with the maximum bet being 2 units (with fractions thereof). This is the method I personally use and its shown greater returns than the flat bets used on this thread.
For anyone who doesn't understand Kelly betting just "Google" the phrase.
I'll also introduce outrights but will use an all-up method. That is, if I think Williams will win, I'll bet on her in the First Round (or whatever Round I think best) at match odds and roll over the winnings in each round. Betting this way means you can reassess the player each round and 'stop' the bet at any point rather than being locked in as with the outright. You can sometimes get superior odds this way but the opposite is also true. You tend to get lower odds backing round by round when favourites get knocked out. The max. initial stake for outrights will also be 2 units but the "rolled over" or reinvested stake may obviously be more than this figure.
I'll also do weekly updates rather than daily updates on ROI etc as this seemed to be the consensus opinion.
Hope all that makes sense.
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