Kelly Criterion put to the test.

Record 35-22-1

Bankroll: 3,906

NCAAB

Vanderbilt -3

Risking 133 to win 120

54% kelly wager

I smiled when I read this, cuz it's also one of my BOMBS today!

Public loves the Spiders of Richmond, and that's fine by me! The public will throw so much money away today the books won't even care giving some back to the Sharps!

Best of Luck to you throughout the Tournament mtp!

Bankroll 3773

Record 35-23-1

Winning Percentage 60% still pretty good!  Tough month for sure!

NCAAB

Xavier -2.5

Risking 207 to win 188

55% Kelly wager

If it makes life easier 55% kelly wager is 5.5% of your bankroll. 

Record 35-24-1

Bankroll 3,566

Winning Percentage 59%

NCAAB

Florida Gators -5.5

54% Kelly wager

Risking 121 to win 109

I just found this thread and would like to say, "Good job!" I've also been experimenting with various Kelly betting strategies for soccer on the Korean books and I also started a NBA Accuscore threadin the forums, testing Accuscore's plays for the month of March using a full Kelly betting criterion. It's been pretty successful hitting at a little over 60% at a 1.6X multiplier although  I'm not betting any real money and just testing it for now.

Anyway, I wish you the best of luck and hope you grind it out and make a nice profit by the end of the year! I'll be checking on your thread periodically to see how you're doing. Even through the rough patches, stick it out and don't be deceived by the notion that you can get rich quick in this business!

Bankroll: 3,675

Record 36-24-1

NCAAB

Michigan +12.5

Risking 202 to win 183

55% Kelly wager

Line might even get higher.  Vegas new people would pound Duke in this matchup.  Value clearly sides with Michigan.  Wolverines are playing good ball and I expect them to be ready for this game. 

SHOCK THE WORLD BOYS!!!! 

Bankrol l 3858

Record 37-24-1

What a freaking game Michigan almost SHOCKED THE WORLD!!!

Another good win!

NCAAB

Duke -8.5

53.5% Kelly wager

91 to win 82

NBA tonite

Milwaukee -8.5

53.5 kelly wager

91 to win 82

I lean with San Diego State.  I really think their is some good value their!  This is not officially a play.  I got the day off and will be back later on today with a possible play! 

GO BLUE!!!

Bankroll 3,678

Record 36-26-1

+1678

Tough Month

Win Percentage is based off a line I set for a game or event.  It increases when my analysis is in agreeance with other handicappers I follow which is a rare instance.  Many other things go into a pick and whether you look at it as 55% winning percentage or 5.5% of your bankroll I will remain consistant and hopefully go on a nice win streak here soon.  I do not do this for a living and bet sports for a hobby.  I'm learning everyday just like the next average joe.  I do not tout myself!  I am the average Joe with a good head on his shoulders trying to beat the odds!  I've read numerous articles and the kelly criterion and it seems to be the only way to beat the books in the long run.  I am going to give this my best shot and hopefully I'll succeed.  So far I've had some success and am hitting a a pretty solid clip.  Variance has definately taken over this past month even with the small amount of plays.  Good luck time for bed!!!! 

I wanted to add I do not feel like I have a good grasp of these NCAA Lines at all.  Not going to force a play not very happy with the previous to nights glad these played only checked in at a low percentage!  Back to work tomorrow. 

GO BLUE!!!

NCAAB

Kentucky +6.5 at BETED

53.5 Kelly wager 

86 to win 77