LAY KELLY ERROR

[mcbee]

hi
could somebody please test the lay kelly staking plan and tell me if it works.
my way of thinking is a staking plan should alter the prices according to the odds/ chances of winning available, but the lay kelly is only staking level stakes or if linked to the bank then it alters with the size of bank and not the odds/chances of winning.
i have found an error in the formula NOT only mfp but in TSM, if you try tsm at fixed bank amount then this just places the same amount all the time and not adjusted with your chance of winning.
i have emailed tsm to see what there responce is.
or maybe i am going stirr crazy.

mcbee

[mcbee]

hi
reply from tsm.
You are sort of right. The stake is dependent on the expectation and bank size. The expectation stays the same throughout. Depending on your settings, the bank size is fixed (hence stakes are equal) or linked to the cumulative total(in which case stakes are not equal).

i have emailed them with the results that i have, i will see what happens next.

mcbee