CHASING
LOSSES
The argument over level stake betting versus progression
betting has raged for many decades and will probably continue
in the same vein into perpetuity. For those that do like
progression betting, here is a plan designed to put you
in to a profit situation after a series of losses.
"Warning Will Robinson, warning, warning!"
Calculate the possible bank you will need after a long
series of outs and you may not wish to proceed.
RULE ONE:
DON'T BET ODDS ON UNDER ANY CIRCUMSTANCES
RULE 2:
If the horse you
like is odds on e.g. showing less than $2.00 for the win,
either pick something else or pass the race altogether
RULE 3:
Invest
one unit ($1, $2, $5, $10 - whatever you are comfortable
losing) on the first race you bet in. That amount stays
the same unless you strike a loser.
RULE 4:
After you strike the first loser, all subsequent bets
are calculated as follows:
If the next selection is priced between $2.00 and $2.30,
your next bet is an amount equal to double the amount
of your total losses
If the next selection is priced
between $2.50 and $3.30, your next bet is an amount equal
to the amount of your total losses
If the next selection is priced between $3.50 and $4.50,
your next bet is an amount equal to half your total losses
If the next selection is priced at more than $5.00, your
next bet is an amount equal to one quarter of your total
losses
If
you return to a profit situation, you also return to your
base level bet of one unit
Bookmakers
just LOVE people who chase losses
