I can only concur with Becareful. It wasn't that long ago that I asked myself exactly the same question Dirtydog. A punter friend told me he could turn small losses into major profits with a clever staking plan of the loss chasing type. I tried it out over 60 or so races and was very impressed. But people in this forum and elsewhere - people with very good mathematical minds and lots of experience - insisted it won't work. So I tried a bigger sample. In the end I realised what was happening. The losses were being "hidden", the bet size was increasingly alarmingly, and on bet 187 it all came crashing down. Smart people tell me *every* loss chase is like this unless you already have POT at level stakes, and if you already have POT at level stakes then there are better methods than losing chasing.

If anyone doubts the maths of it go to the Wizard of Odds:

http://www.thewizardofodds.com/game/********.html

People the world over send him you-beaut staking plans claiming they will turn LOT into POT. He debunks them all with hard maths.

Cheers

Hermes