I have to agree with Equine Investor on this one. Taking advantage of "winning runs" and cutting back bets on "losing runs" sounds great in theory but how do you know in advance whether you are going to have a winning run or a losing run with the next sequence of bets? If you have a 30% strike rate then the chance of any bet winning is 30% - it doesn't matter if you have had 10 losing bets in a row or 10 winning bets the chance of the next bet winning is still the same.

I have NEVER seen any mathematical proof that a staking plan can improve your POT in the long run when you include the maximum potential run of outs in the equation. Lots of people will give examples of how Plan XYZ turns a given sequence of bets from a 10% LOT to a 20% POT but this is not a proof - I can just as easily come up with a hypothetical bet sequence that gives a higher POT with level stakes. In the short term the profit chasing plans will increase the POT but once you hit the maximum run of outs that the plan can sustain your POT will drop back to the same level as flat stakes (or will bankrupt you entirely, depending on the system).

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