Wednesday, May 12, 2010

Round 7 Results

Head-to-Head tips correct: 6 out of 8
Total for year: 37 out of 56

Betting results:
TeamOutcomeWinnings
W.BulldogsW$25
West CoastW$64
Port AdelaideW$110
Nth.Melb.L-$100
BrisbaneL-$100
SydneyL-$100
RichmondL-$100
Total ($700 outlay)$201 loss
Percentage Return29% loss

Results were not so good this week. I'm beginning to see a pattern of risk with betting on the outsiders - especially using the fixed price betting method. Interestingly, using Kelly betting, the result was only a 1% loss for the round.

I'll continue to display results for fixed bets for now, but if this trend continues I'll switch to reporting on Kelly bets.

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