31st March 2006, 02:40 PM
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Member
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Join Date: Dec 2004
Posts: 172
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Quote:
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Originally Posted by Duritz
Yeah the 2% gets bigger but it's too big for when the inevitable losing streak comes. You have big peaks when you're winning and big drops when you're losing. It's Bipolar betting.
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Spot on Duritz!
But was it not exactly what Crash was saying about progression betting, when losing with level stakes?
I firmly beleive that if level betting is profitable, it can benefit, to some extent from progression betting, but in my opinion a simple increase in bet size is far more profitable, and less risky!
The problem I see with a reducing bet size, that we never really know when the next winner is coming along, and maybe missing out on a big winner.
A ten percent strike rate can be made up of a 100 winners in a row and a 1000 losers in a row, highly unlikely I admit but something like that can happen in real life too.
PS. Sorry I left out an important proviso: the size of bet is stricktly a percentage of the bank, whatever % you chose!!!
Therefore it can go up or down.
Good luck
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