The argument over level stake betting versus progression
betting has raged for many decades and will probably
continue in the same vein into perpetuity. For those
that do like progression betting, here is a plan designed
to put you in to a profit situation after a series of
losses. "Warning
Will Robinson, warning, warning!"
Calculate the possible bank you will need after a long
series of outs and you may not wish to proceed.
RULE ONE: DON'T BET ODDS ON UNDER ANY CIRCUMSTANCES
RULE 2:
If the horse you
like is odds on e.g. showing less than $2.00 for the
win, either pick something else or pass the race altogether
RULE 3:
Invest
one unit ($1, $2, $5, $10 - whatever you are comfortable
losing) on the first race you bet in. That amount stays
the same unless you strike a loser.
RULE 4:
After you strike the first loser, all subsequent bets
are calculated as follows:
If the next selection is priced between $2.00 and $2.30,
your next bet is an amount equal to double the amount
of your total losses
If the next selection is priced
between $2.50 and $3.30, your next bet is an amount
equal to the amount of your total losses
If the next selection is priced between $3.50 and $4.50,
your next bet is an amount equal to half your total
losses
If the next selection is priced at more than $5.00,
your next bet is an amount equal to one quarter of your
total losses
If
you return to a profit situation, you also return to
your base level bet of one unit
