Money Management and ...

Hi

Plan: Pyramid High
Risk: Very High
Expected Return: Poor-Average
Comment: avoid
Discussion: cant find pyramid specif topic

Where could I find any more information about pyramid and money management at all ?

And why is pyramid poor ? I don't use that so I don't have experiences by myself. But I've read this opinion and there isn't much more comment.
Of course Martingale is poor, although many people try it.

Pyramid is also type of progress stakes. Pyramid could be for single bets and also for your all bets in one week (ex:100) and then stake will increse in next week (110).
Have somebody count probability of bankruptcy for all type of staking planes ?
Is pyramid (for example 20 +/-1) much more risk than single bets for 20 ?
Besides I don't post here too often, but I bet enough long time to look for exactly answer. I like Kelly formula and single stakes: 1-5% of bank.

After your bank will increase +100% or maybe more, it could be after 3 months or maybe a year - than you have to decide about increasing your stake. There is no information on websites what people use to do. (Some use to increse after making a winning plan and to decrese after loosing part of bank)
In another way: earlier or later you need to increase your stake - so it is also kind of progress. (reffering to pyramid)

I have looked for information of money management and also pyramid - but I haven't found much:

Erm Oopss hello Mr Nice member

[Joe]

Have somebody count probability of bankruptcy for all type of staking planes ?

Yes, but you'll have to wait for the material to be published.

If you can't, then sucessfull staking systems at £10 is worth a read.

homepage.ntlworld.com/fcp.online/sss.htm

I'll stick some probability graphs up in the morning because my fcuking image editor is playing up and I can't be arsed rebooting. Fcuk I hate my PC :evil :evil :evil :evil :evil :evil

[Joe]

Er, Garth, I actually think this ain't spam, mate

Nice to see you getting straight to the point though.

[Joe]

Well guess what, fcuking software's working now.

So here we are...

First chart looks at risk of bankrupcy for 5 point pyramid plan (starting bank 100). After each loss, stake increases by 5 points, after each win reduces by an amount equivalent to 5 x (decimal odds of the winner minus 1), to a minumum of 5. Maximum number of bets 250. Expectancy is simply the chance of a win as estimated by the bookie's odds, or 1 over the decimal odds, so the higher your expectancy the lower the odds. Betting edge is your edge over the bookie. Less than 1 means effectively you have no edge and cannot possibly profit long term whatever you do.



Second chart compares 5 point pyramid staking, 5 point Martingale and 5 point level staking, again starting bank 100, maximum bets 250, for bookie's expectancy of 0.5, i.e. odds of 2 (evens)



I think you'll agree, Pyramid, like Martingale is a complete waste of time and effort getting you nowhere fast.