staking for different systems

[bho123]

i posted this on betfair forum with no response :splapme

" how do u ppls stake with multiple systems that have very different SR/ROI/edge/avg.odds?
simple if ur doing level... but what if u do something like % or kelly staking.

will u have a separate bank for each? or will u combine them together?
since all systems go through cycles.. it makes more sense to separate (if ones on a losing run then the others should have a higher chance of a winning run)
also diff. systems are more profitable with different staking %, it seems inappropriate to combine them together??

now the biggest problem is these banks could vary too much overtime.. the stronger system might be betting 500$ per bet while the other is on $100.. therefore the idea of having separate banks to stabilize the overall performance dont seem to make much sense anymore.
What will u do now?... transfer some $ over to the smaller banks?...but unless i know which bank will hit a winning/losing run next, i dont see that as a smart option."

eg. system A = high strike rate/roi/edge, but only 50 bets a year, and yeilds +50pts

system B= low sr/roi/edge, but 500 bets a year and yeilds +100 pts.

the optimum staking % for these 2 systems will be very different, system A superior sr and edge allows us to stake at a very high %,if we combine these systems will be diluting system A's 50 bets in that 500.
still profitable.... but alot less..

Another thought is too use a global bank but stake according to each systems optimum %. Im very confused..help

[TheOldhamWhisper]

Spreadsheets!

Plain and simple - you can use one 'global' bank, but make sure that you record every bet of every system in a spreadsheet to make sure you are using the correct stakes (esp. if you are using %age staking).

Create a seperate sheet within the spreadsheet for each system and if you wish, add a 'summary' sheet to provide an 'at a glance' picture of how each system is faring.

Hope this helps. :)

[crazybadger]

Use seperate banks for seperate systems.

All systems will peform differently and will have varied up and down periods. If you have multiple systems then start each with seperate banks and let them go for 3-6 months. Then you can re-assess - at this point you can add more money to all systems, add money to specific systems, or decide to drop poor systems.

But always keep the banks seperate!

[Win2Win]

If one bank speeds way ahead of the others, as long as the others are performing profitably, then it is usually best to spread a bit of the wealth around so your P/L does not rely on one system alone.

Although it is usually best to keep Win and Lay wealth seperate.

[bho123]

now the next question is when and how much should i distribute the wealth.
surely there must be a more mathematical approach to all this?

im thinking either ,1)make each winning bet pay a % to the other banks or 2) everytime a bank losses a bet, the other banks will share a % to that losing bank (im a layer). This idea kind of relies on gamblers fallacy which is a big No no... but i cant think of any other alternatives.

general concept = bank A losses, it is less likely for it to hit another loser anytime soon, bank B shares $ to bank A... since i use %/kelly staking, bank B will be staking less then before and bank A will be significant enough to support other banks.

there are many factors i havnt considered though... how much to share?why? how will diff. s/r system affect the method?(eg.if system A has a s/r of 50% is it correct to fund the bank after every lost?)