Hi! xptdriver
"MATHS" I think you meant "statistics" one cannot manipulate mathematics.
2 + 2 = 4 no matter how much we would like to prove otherwise.

As to wesmips' comment, not to read posts we disagree with, Sorry, this forum supposed to put up ideas for discussion and evaluation, not religious doctrines, that one either belives in or not.
And why a losing system cannot be turned around by progression is simple, at least to me.
Progression accentuates the win part as well as the LOSS part, therefore if you are losing on level stakes you are back to square one, all you achieve is win bigger on a roll and lose even bigger when not.
But if you win on level stakes, it stands to reason that, your losses will always be less then your wins, ergo, you WIN.
If you are saying that, "BUT I will only select certain races or horses and I am betting more on the winners" then that's an other matter altogether, you may no longer be talking about a level stakes losing system.
That's my two cents worths anyway.
Good luck.