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Originally Posted by gunny72
In the long run any progressive staking plan is just a series of level staking plans with different level stakes. Also, progressive staking plans tend to maximise outlays and minimise returns, when the opposite is the desired strategy. If you want to use some sort of progressive plan to retrieve losses then I suggest using a level stake but increasing the required odds after each bet until a winner is obtained.
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What Gunny said is interesting. Thanks also to Jose and Vortech. Might rethink the stratergy before pulling the trigger. I know progressive betting is a short cut to the soup kitchen.
Gunny's idea of just increasing the odds has some merit, maybe a combination of both, increasing the odds and the bet a bit less agressively. But as Vortech was intermating, I think, that even a very conservitive progression plan can mean after a few extra losses, not much return for a greater outlay.
Regardless, playing around with staking has always fascinated me, the trick is to know when to put the smoking gun back into the holster so you live to fight another day.
Even though I am up to 14 losses with this system, I feel it has some merit because I get the feeling nearly every one has a red hot go, unlike some of the shorties, whose runs are questionable.
Besides running this system I am backing them for a place, but as suggested by another poster awhile ago to run that as a separate system and a separate bank. I notice that I get a lot of thirds and also a lot of photos for third and fourth. But not for first and second. The top place odds I have got is $3.50 with most between two and three dollars.
In the long term that might be the way to go. Maybe with the win system it is a matter of hanging in to ride out these long spells.
Star