PROGRESSION
STAKING PLANS
The problem with
progression staking plans is the uncertainty of the winning
/ losing sequence.
Most progression plans require that you
increase your stakes after each losing bet and, remember,
most really good judges have three to four times more losing
bets than winning bets.
The basic plan is usually, bet 1 unit for
the first selection and increase it by 1 unit after each
loser (regardless of what 1 unit may equate to).
The problem with that is that is doesn't
take in to account long losing sequences and the placement
in the sequence of those winning bets.
If the winners are evenly spaced out in
the run of losers, progression staking systems are fine.
But what happens in a staking sequence if your selection
plan averages 25% winners and three of them fall in row?
How long is the next losing sequence after that trio of
successes?
Even plans that produce 50% winners (where
are they?) can expect a losing streak of 10 straight losers
after an average of 2048 bets and an even longer losing
streak of 15 straight losers after 65536 bets.
But if your "you beaut" plan produces
20% winners, you can expect a run of 10 straight losers
after just 47 bets and 15 straight losers after 142 bets.
Now, how big was your bank?
