Betting Schemes: Fixed Ration vs. Spear

["Paul H. Lasky" <phlasky@xxxxxxxxxxxxx>]

Mark Johnson and all interested in betting schemes:

    Thanks Mark for all your work on comparing Fixed Ratio (Ryan Jones's
Scheme) and Spear's volatility scheme. I did download all your data and
analyze it. The data show that, overwhelmingly, there is no statistical
difference between Fixed Ratio, Spear, or Un-equal Fixed Ratio. Based upon
Mark's  data 1987 to Aug 30, 1999 any of the schemes can be traded with
equal results.

    Here's the results:
                                        Annual Difference
                                Average            Stand.  Dev.
t               Prob  the  same
Fr - Spear              $105,791            $1,725,980            -0.02316
0.9819
Fr- Unequal           -$85,542             $2,187,397             -0.0123
0.99038
Spear - Unequal      $20,248             $1,112,885              0.0085
1.0


  Paul Lasky