That may be good advice. Many authors also recommend scaling back on the Kelly amount, generally recommending betting half the indicated amount. Try readjusting it to even money. The volatility of the Kelly formula at low odds demonstrates very graphically why that is. What's the different between a system, a method, and an angle.
Some systems suggest waiting for a particular price, or are only playable in a few races.
An angle is a spot play or a wager on a single factor that is usually positive. Allowance horse got clobbered in a stake last time out, now back where he was running before. Methods are the tools used to put together your own style of play. This faq covers quite a few. All rights reserved.