LG,

The Strategy I use for loss recovery is as follows:

1. Determine the average number of losses for your system and the maximum losing streak (6-12 months of data required). eg. average = 3, max. = 10.

2. Your loss recovery should incorporate a stop loss point, ie. avg + 1 = 4. We do not want to chase all of our losses or you will bust your bank.

3. Develop a multiplier for loss recovery tailor made to your betting system. Don't just rely on fibonaci or other well known systems. Your recovery multipliers should not be too agressive ie. recover your losses only and not try to achieve a profit as well.

4. Most importantly keep your stakes small to deal with the run of losses. For example using an initial stake of $10 or $20 and not $100 or $1000 will mean that your outlay after 4 losses will not be too stressful.

I would not use loss recovery for any system that has a winning strike rate of less than 50%.

Analysis of yesterdays betting data showed a level stakes LOT of 4.68% which I turned into a 4.61% POT using loss recovery.