Progression Betting

[Benny]

I'm looking for a progression betting plan for 10 races. The horse has to be $2 exacatly. There won't be many bets, but one should come out with a profit at the of the 10 bets. The total amount over the 10 bets is $30.

Any suggestions?

benny

[AngryPixie]

$2.00 PP or SP?

Your problem will be that horses that start at exactly $2.00 will not win exactly 50% of races. Sadly you'll go broke eventually.

You might find this useful

http://en.wikipedia.org/wiki/Martingale_%28roulette_system%29

It's possible to get a streak of more than 10 outs with a 50% strike rate.

Best of Luck

Pixie

[crash]

Benny,

Price does not equal real odds of a runner winning [ask anyone who took odds-on for Gold Edition at Doomben yesterday :-) ].

[topsy99]

favorites win 28% of races so 50% is wishful thinking.
also prices dont always turn out the way you think either.
the shorter ones (odds on) dont make the 28%.
my suggestion would be to do your homework and trust your judgement
it will reduce your betting and lose less money.

remember the idea of gambling is that over the long term you will lose what the game requires you to lose. unless you are smarter .