Here is an approach that may appeal to some.

Its an alternative to increasing stakes after a loss.

The idea is to make our initial bet .5% of bank = 1 unit
e.g. 200/1 ratio.

We stay at 1 unit O/L while we have not struck a winner.

Increase bet by 1 unit after each winning bet.

We keep doing this until 1-4 units profit is made.

Then start at the beginning again.

One can see that this can susstain long runs of outs of 50+ making this approach a lot safer than the alternative.

Try it out on your favorite selection process.

__________________
Cheers.

This idea seems very interesting Bhagwan.

Have you applied it to any systems to test and does it improve POT?

Two Shoes

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Could you maybe put a stop at say a 3 or 4 unit max bet?

This way you wouldn't crash if you hit the inevitable 20 run losing streak in the wrong part of the sequence.

Seems like it would work with a high striking win system, as long as a brake of some description was put in place.

If you have a moment Bhagwan, can you crunch some more numbers and set a different starting percentage with a brake in place? You seem to have a better fix on the mathematical side of things than I.

I was thinking possibly a 1, 1.5, 2.25, 3.4 progression scenario, with a max of 7 bets at the 3.4 unit mark and going back to square one regardless of a profit, should a bad sequence occur.

Penny for your thoughts.

Two Shoes

I guess on could have a bet max of 4 times ones initial amount.
e.g.
$200 bank. Initial bet .5%
Max $4.00
1w 2w 3w 4w 4w ect.

Start again as soon as we get in front or break even.


I feel your idea could work just as well.

The plan does work well on any reasonable set of results where a 25%SR+ is had.

It can also be used for betting 2 horses a race.
Just split the bet half & half.

__________________
Cheers.

Nice one Bhagwan.

I'll give it a test.

Two Shoes