here are some more specific results on the two different betting methods I have been using for my experiment.
"Bet 1 unit" Method:
For the 3 events I have been doing the experiment, I have (notionally) risked 7, 9, and 8 units respectively for a total of 24 units.
The cumulative results for these three events is +5.22 units. This is a return of 21.75%
"Bet to win 1 unit" Method:
For the 3 events I have been doing the experiment, I have (notionally) risked 10.82, 22.29, and 25.7 units respectively for a total of 58.81 units.
The cumulative results for these three events is +12.83 units. This is a return of 21.82%
So in actuality, the results are VERY close. More to follow.
-The Wise guy
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