All Forums | Systems & Strategies

Kelly Criterion put to the test.

Participants:
Search model icon
Views: 63025
Posts: 484
 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #476

Baltimore game is a dud!  know way we get cover at this pace!  Next time boys

 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #477
Baltimore week 1 verus Pitt wow Pitt +3 looking real good!
 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #478

Record 52-39

Bankroll 5058

 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #479

Idaho Vandals -5.5  3 stripes risking 269 to win 242

Memphis +30  2 stripes risking 163 to win 146

 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #480

Bankroll 4626

Record 52-41

 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #481

Michigan -13.5 

3 stripes risking 254 to win 228

 

 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #482

3 Stripes Oregon -3  Risking 254 to win 228

 
Veteran
Participation Meter
Joined: Nov, 2007
Posts: 1390
Posted: #483
Retired!  For now!!
 
 
Legend
Participation Meter
Joined: Jul, 2012
Posts: 34171
Posted: #484
The reason that using " The Kelly Criterion " does not
work for almost all bettors is that they lack the two
things that are essential for success at it.

1.Bettors do not know their " True win percentage "
   or , they tend to use an inflated number and thus
   almost guarantee failure in using the system.

2. Most bettors cannot consistently measure " True
    line value " vs a given pointspread and therefore
    their random results work against the Kelly strategy

I've been using " Kelly " successfully since 1994 after
I resolved Items # 1 and 2 above. I did that by using a
" Modified " Kelly system , and changing my capping
methodology to accommodate my use of Kelly.

1. My capping method accurately and consistently
   measures " True Line Value ' vs any given
   pointspread and establishes a accurate win
   probability for each wager . Once I know my win
   probability , It's simple to establish wager size.
   This method is designed specifically for Kelly.

2.The accuracy and consistency of results have been
    measured on well over a thousand wagers since
    1994 so there is a significant data base which is
    used to confirm my results,.

3. The capping method I use has internal adjustments
    incorporated into it which permits accuracy to be
    adjusted to accommodate the ever changing
    elements of the game.

Once you've got those solved , you will like using Kelly.



Helping Kama'aina to beat their " Local " since 1994.
All Forums | Systems & Strategies
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2024 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.