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Tim and Lynn,
While I like the thinking that inspires your post, I am left wondering how to
define a win in as cut-and-dried a manner as occurs at the racetrack.
Martin.
Tim and Lynn Lee wrote:
> Some time ago while reading a book on horse race handicapping (the Dr.Z
> system)
> I came across the Kelly formula, the method wherein one can increase their
> stake in the safest possible manner given a 51% edge.
> If I recall correctly, you begin with a one unit bet if you win let the 2
> units ride. If you lose start again with one unit. When you win with the 2
> unit bet go back to one unit again.
>
> This money management system might be valuable for commodity traders, it has
> helped my trading.
> Tim Lee
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