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Originally Posted by Lord Greystoke
Ocho,
If you can get SR to 85%+, 5% of bank increasing at +1 unit after a loss and resetting to 1 unit after the next win seems to work ok. Should mean that Bank will not bust or anywhere near it, assuming you retain the high strike level. NO need for a more highly geared progression eg Fibonacci as this will also increase losses and turnover without adding significantly to ROI = bank, if at all !
LG
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So what you're saying is betting at level stakes (1 unit) and if there is a loser raise it 1 unit (to 2 units?) for only the one bet? That means I'd only recover 1 unit for the approximate 6 unit loss I would have had.
I'm currently thinking of slowly going up in stakes to about either 3 or 4 units if there are a number of losses and capping it there.
The other thing I haven't taken into account is that all this recovery just gets me back to zero rather than making $1 (or 1 unit) per day. Say if it takes 4 days to recover after a loss I should really be +5 units at the end of the 5 days (1 losing day and 4 winning day) rather than back to zero.
I'll have to think a bit more about it.
Just to let you guys know I've now checked back to the start of November 2012:
January 2013 so far - 25 days, 24 winning days, 1 losing day, Level stakes profit $19.73 ($1 amount to win)
December 2012 – 30 days, 26 winning days, 4 losing days, Level stakes profit $9.89 ($1 amount to win)
November 2012 – 30 days, 28 winning days, 2 losing days, Level stakes profit $18.97 ($1 amount to win)
So total 85 days with 78 winning days & 7 losing days, Level stakes profit $48.59 ($1 amount to win).
This is a 91.7%
daily strike rate.
The average of the 7 losing days is -4.2 units with the highest being -7.71 units and the lowest being -1.32 units.
So I'll keep my recovery centered around a 6 unit loss for thinking purposes as that would ideally be the maximum loss per losing day.