Thought this would be useful:
To summarise
Plan Risk Expected Return Comment
======================================
Fixed Profits Very Low Average Best for conservative punters
Fixed Stakes Very Low - Low Average Good for conservative punters
Kelly Low - Medium High Good for Brave/aggressive punters
Pyramid High - Very High Poor-Average avoid
Martingale Very High Poor Good for lunatics and wannabe paupers
Other hybrids of Kelly and Fixed stakes and profits systems (e.g. plateau, withdrawal, steady drip etc) sit somewhere in the middle, increasing risk somewhat to increase the average profit
To summarise
Plan Risk Expected Return Comment
======================================
Fixed Profits Very Low Average Best for conservative punters
Fixed Stakes Very Low - Low Average Good for conservative punters
Kelly Low - Medium High Good for Brave/aggressive punters
Pyramid High - Very High Poor-Average avoid
Martingale Very High Poor Good for lunatics and wannabe paupers
Other hybrids of Kelly and Fixed stakes and profits systems (e.g. plateau, withdrawal, steady drip etc) sit somewhere in the middle, increasing risk somewhat to increase the average profit
