16th February 2005, 01:29 PM
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Member
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Join Date: Jan 1970
Posts: 578
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Quote:
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Originally Posted by crash
The only progression that will never get you into trouble is the winning progression. Increasing the bet amount by a progression line after a win and not a loss. Long term of course you will be no better off than sticking to flat stakes betting, but it will give you the 'impression' of being better off. That might be worth something.
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This is a bit of a smoke and mirrors trick you're playing Crash. It is already proven mathematically that the Kelly Criterion will in fact improve on level stake where a level stake profit exists. There are countless references to this in various books and on the net.
Progressive level stakes will also enhance level stakes profit, which I think you are alluding to, but to state the "it will give you the 'impression' of being better off" is to not true and if you think not, then simply provide the proof to the contrary. :-) |