Guest Tito 10 Posted August 27, 2003 Share Posted August 27, 2003 No offense intended. I need some help on staking. Let's say that you have have a 'system' (I don't like that word, but I can't think og anything more appropriate) with a yield of 15% at average odds of 5.0. What % of your bank should you bet at fixed stakes? I obviously don't want to go bust so the probability of that should be less than 0.5% (is that acceptable?) Quote Link to comment Share on other sites More sharing options...
Guest OddsAgainst Posted August 27, 2003 Share Posted August 27, 2003 Re: FAO Joe/OddsAgainst/Madmick+Other stattos/anoraks I think Mick's risk analysis spreadsheet is the tool to answer that. No doubt of course, some smart ass like Joe ;) will jump in and answer off the top of his head. Quote Link to comment Share on other sites More sharing options...
Joe Posted August 27, 2003 Share Posted August 27, 2003 Re: FAO Joe/OddsAgainst/Madmick+Other stattos/anoraks The following is based on a starting bank of 100, level stakes of x% of starting bank, and 250 bets. 3 points will roughly see a bank doubling with 10% chance of bankruptcy, and 30% chance of failure to make profit. 2 points will roughly see a 75% bank increase with 2.5% chance of bankruptcy, and 16% chance of failure to make profit. 1 point will roughly see a 38% bank increase with negligible chance (i.e Quote Link to comment Share on other sites More sharing options...
Guest Tito 10 Posted August 27, 2003 Share Posted August 27, 2003 Stakes Thanks Joe I'll probably go for fixed stakes at 2% but i'm still a bit worried by a 2.5% chance of going bust. Would you be happy with 2%/stake? Quote Link to comment Share on other sites More sharing options...
Joe Posted August 27, 2003 Share Posted August 27, 2003 Re: Stakes It's about as high as I'd accept I suppose. But that's why I prefer to back short prices in general? Quote Link to comment Share on other sites More sharing options...
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