Oh JFC you've done it again (apologies to Magoo)!!!

QUOTE:
Also, I should add that as by definition Kelly needs edge, odds and a proper bank to work, and typically I have none of the 3, so I never use it.


Just reread your edited post to find that little gem appended to the end of it!

:lol: :lol: :lol:

Here I was thinking we had a Kelly expert in our midst who was going to tell us how to apply it successfully to horse racing and you haven't even tried to use it!

Reminds me of some of the lecturers from my University days espousing all these great sounding economics theories. Only problem is they have never worked a single day outside the University system so have no knowledge of how the real business world operates!