Chodempole
• Posts: 40
Joined: Oct 13, 2014
December 15th, 2015 at 9:00:36 AM permalink
I'm thinking of a staking strategy and don't know if it has a name. Maybe it doesn't and I just made it up, but regardless it's worth having a discussion about. A handicapper can hit 55% winning percentage over the long run and starts with \$1000. Regardless of how many bets he makes per day, he stakes the whole bankroll, but splits the \$1000 evenly through all bets. For example, he bets 6 bets on his first day, so each bet would be \$166 (1000/6=166.67). He goes 3-3. Staking 166 wins 151 at -110 odds. So he would be \$-45 after day 1. So now he is left with \$955 to bet with on day 2. He would then take however many bets he is going to make and split them evenly using \$955. It's kind of like proportional betting or kelly betting, but you're just making your staking percentages very high. Does this type of system have a name? Would it be profitable at 55%?
MathExtremist
• Posts: 6526
Joined: Aug 31, 2010
December 15th, 2015 at 9:41:19 AM permalink
That's not really a system, it's just betting your whole bankroll. Whether it's profitable at 55% win rate depends on the vigorish. If you're betting 110 to win 100 55% of the time and losing the 110 the other 45% of the time, you have a 5% edge. That assumes no ties or any other outcomes.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Boz
• Posts: 5701
Joined: Sep 22, 2011
December 15th, 2015 at 10:06:58 AM permalink
More interested in how the handicapper can hit 55% constantly.
GWAE