moeee,

I have shown proof of it working already over more then 1 day.
It does work. You need to understand its limitations and when it can and can not be used.

The limitations are :

1. You do not have an endless supply of money, so
2. it will eventually bankrupt your bank.

Looking at this you need to know

a) how much you can stake intially and how it can be incremeted and ;
b) multiple banks

Your aim with a progressive staking plan is to double your bank before you bankrupt your bank. If you can double your bank 2,3 or 4 times and only then lose your initial bank you will end up in a profit.

Mathematically you lose long term.
Mathematically you also win short term.

You are trying to achieve more in the short term wins then the long term loss with the understanding that any profits you make are seperate to your betting bank.

If your Recovery System was worth more than a grain of salt , then you should be able to go to Crown Casino and play Roulette and win a fortune on the Odds and Evens.
And another Fortune on the Red and Black.
BUT YOU CAN"T.

You can't turn a Losing System into a winning one with ANY wagering series.

Anyway - I'm done with this.
I know what I know.

Re read what I said earlier. In order for it to work you need :

1. A low loss level of 5% of less. This might be the case in roullete. I don't play it.
2. A high strike rate of at least 85%. This is not the case in roulette.

Based on the second condition above for roulette a loss chasing staking plan will not work. So yes you are correct in regards to roulette but you are generalising all gambling into the same category.

There are some punters who realise all gambling is not the same and that you can pick niche areas in which to profit. Build up enough niche areas and you are going to have a nice set of diversified bets which will be profitable long term.

Yes you are right UB.
My only concern is my Methods and I keep forgetting that other people are not doing what I am doing.

And thats a good thing.
Informed wagering ALWAYS wins over Uninformed wagering in the Long Run.

And if Uninformed Punters are having success , then it must be from other Uninformed Punters.

Its 36 NUMBERS plus I GREEN there are two greens on some and the correct number pays 36 to 1

The 1 green tables make for a 2.5% loss on red ,black odds ,evens which pay even money and apart from table biaises i dont think any one has ever won over longer times no matter what staking plans they have tried.

These odds are fixed and any random bets at any size you still lose and while you may double your bank a couple of times then lose one you should hit a point where you lose 3 banks in a row to equal things out - the trick is to hope it dosent happen in your life time - all these things have been run through computers and if its a fixed loss they dont work.

But if its a small profit it still comes down to turn over - these runs of good and bad can take years to play out with massive runs both ways.

So the strike rate would be slighty less than 50% long term on backing any one red or black,odds or evens.

Think I actually get this now - having banged my head up against multiple threads over the last week, examining the various viewpoints, discussions, arguments, rants, watching individuals openly berate themselves in the corner of a room (including myself)...

Synopsis as follows:
1. A system that generates a LOT at LS will eventually break the bank, no matter what staking strategy is applied

2 Any form of progressive staking plan is just a multiple of betting at level stakes i.e. it will add leverage to the upside = magnify the gains, but will also ramp up the the downside risk i.e. ramp up the losses

3. Human psychology with it's inbuilt bias towards seeking (and expecting) positive outcomes suggests that many of us would prefer to believe that LOT to POT / wine to water is possible and also that it is within our power to make this happen, despite the proof / maths / stats / any cold-hard logic put in front of us.

4. None of us have unlimited resources to keep feeding the increasing stake requirement - even if we did, finite market pools and an individual's reduced appetite for taking on increasing risk would make a positive outcome unlikely

5. Cheating the hangman = coming out ahead is still possible over the short term / initial period however, but this will depend largely on (a) lady luck and (b) a small LOT at Level Stakes to begin with of say 5-10% = easier to flip (or swing*) into a POT scenario eg choosing where to place the initial bet


Just my thoughts.


Cheers LG

* The aha moment for me? I 'saw' a pendulum swinging gently, but with a slight bias to the left or right.. and equated this to betting at level stakes for a small POT or LOT. Now add some energy to it = a progressive staking system and depending on where you are standing (and when?), you might be witnessing a large(r) gain or large(r) loss. If one is lucky / clever / organised enough in advance to find himself on the 'right' side of a big swing at a given point in time, and has the fortitude to stop the pendulum in mid air = quit while still in POT territory (a BOT would make this easier?), then at that precise point in time they have converted a loosing system into a winner.

This being possible over the short-medium term, if one is prepared to walk away from a temporary winning position by :

(a) giving up on the illusion of a much bigger outcome to come
(b) correctly assessing the reality that to continue playing equates to 100% certainty that the pendulum string would end up tightly around one's neck = Impossible to make a profit on turnover over the longer run, for the reasons given above.

Now, I reckon it's about time I took myself over to the corner of the room and started berating myself... eh beton?!! More gin please, hold the tonic.

__________________
The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB

" A system that generates a LOT at LS will eventually break the bank "

A system that shows a profit on turnover can also break the bank. It just depends where the winners fall.
Chasing losses is the bane of most punters lives. (including mine I may add, sad but true).

__________________
Jose'.

How very true. Have given up on chasing losses however. Time is better spent fine tuning the selection process, perhaps?

LG

__________________
The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB

Spot on LG.
Getting the head in the right spot is the key IMHO.
Which is something that I shall work on this year.

__________________
Jose'.