Kelly Staking Plan - Bf Bot Manager

Kelly Staking Plan#16266

By KongUK - Fri Jul 10, 2015 3:07 pm

- Fri Jul 10, 2015 3:07 pm #16266

Hi Rade

Do I need a start stake condition ie level stake £1 in addition to the Kelly condition?

Thanks

KongUK

Re: Kelly Staking Plan#16267

By BfBotManager - Fri Jul 10, 2015 4:16 pm

- Fri Jul 10, 2015 4:16 pm #16267

Hi KongUK,

No, there is no need for level stake because Kelly has its own betting bank.

Regards,
Rade

Re: Kelly Staking Plan#16284

By KongUK - Mon Jul 13, 2015 8:20 am

- Mon Jul 13, 2015 8:20 am #16284

Ok but still not placing bets and how do you know the stake?

Thanks

Re: Kelly Staking Plan#16285

By BfBotManager - Mon Jul 13, 2015 10:38 am

- Mon Jul 13, 2015 10:38 am #16285

Hi KongUK,

If bets are not being placed then something else is preventing strategy from betting. Please export your strategy and post it here or send it by email, then I will check it and see if there is a problem.

Regards,
Rade

Re: Kelly Staking Plan#16289

By KongUK - Mon Jul 13, 2015 1:04 pm

- Mon Jul 13, 2015 1:04 pm #16289

I have done some reading up and changed some settings in the plan.

Can you confirm that the 'expected win percent' figure is the % of bets you think will win or per runner?
ie if laying and you win 80% of races then use 80% or is it if selection price 6.0 then % chance is 20% for that runner?

Thanks

Re: Kelly Staking Plan#16290

By BfBotManager - Mon Jul 13, 2015 2:03 pm

- Mon Jul 13, 2015 2:03 pm #16290

Hi KongUK,

Yes, that should be correct, it should be % of bets you think will win.

Make sure you try it out in simulation mode!

Regards,
Rade

Re: Kelly Staking Plan#16291

By KongUK - Mon Jul 13, 2015 2:11 pm

- Mon Jul 13, 2015 2:11 pm #16291

Ok thanks and got it working.

One other question is how does this differ from standard %bank staking plan?

Thanks

Re: Kelly Staking Plan#16292

By BfBotManager - Mon Jul 13, 2015 6:28 pm

- Mon Jul 13, 2015 6:28 pm #16292

Hi KongUK,

Please see example in blue letters and Wikipedia article explaining Kelly staking plan.

Percent of betting bank just uses percentage of betting bank, Kelly has different mathematical formula.

Regards,
Rade

Re: Kelly Staking Plan#16307

By KongUK - Wed Jul 15, 2015 6:56 pm

- Wed Jul 15, 2015 6:56 pm #16307

Hi Rade

I have several strategys running with the same plan but all with different price ranges. I cannot get a bet placed on any market at price under 2.0 even on place markets whaere selection/price is available. I have all of the strategies set the same and any over 2.0 which is about 6 strategies all work and place bets.

Is there any restriction to this plan at this price?

Thanks

KongUK

Re: Kelly Staking Plan#16308

By BfBotManager - Wed Jul 15, 2015 7:15 pm

- Wed Jul 15, 2015 7:15 pm #16308

Hi KongUK,

There is no restriction, but if you use Kelly formula then you will get different results for different prices. Try do calculation by using different prices and your settings and see what result you get.

Regards,
Rade

Re: Kelly Staking Plan#16310

By KongUK - Wed Jul 15, 2015 8:18 pm

- Wed Jul 15, 2015 8:18 pm #16310

Thats what I am trying to do but any strategys where selction condition for price under 2.0 is not placing bets.

I will try adjusting the bank levels to seee if that makes a difference

Thanks

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