Progression Betting

 With horse betting, or any kind of betting, anything other than flat betting is in fact a kind of progression . . . but the subject in this article is (as it should be) a bit controversial: Raising bets after losses.

"Gamblers Ruin" is a term (not quite as scary as it sounds) used to denote a loss of betting bankroll. Though that is something that should be 크롬 영어 단어 번역 at all cost - it really isn't actually the "ruin" of the horse bettor - but it will put him out of the game until a new betting bankroll has been scraped together.

The surest way to "Gamblers Ruin" is the infamous "Martingale" method of doubling up after each loss. A gambler sticking to one of the even money bets in - say Roulette - will only be operating at about a 1.5 percent disadvantage. If that player has a huge bankroll and starts with a minimum bet, he might be able to make a true "Martingale" betting method work for days, weeks, even months - who knows?

Sooner or later, however, a vicious and prolonged losing streak will come along which will take the gambler past his ability to make the next bet - either because his bankroll has been severely depleted, or because he doesn't have the nerve to make the next bet.

Example: Say his minimum starting bet is $5.00 - and he encounters a losing streak of 15 in a row. Here are the required bets for doubling up on each loss:

. . . and bet number 16 would call for $163,840 - just to get back his original $5.00 bet and end up with a paltry $5.00 in profit!!

The insanity of it is obvious.

In horse race betting, an extended losing streak of 15 races is not that rare for win-betting - particularly if you're going after higher paying horses.

Now, if you played only select 4-5, 1-1, and 6-5 types to approximate the even money roulette bets, a 15 race streak might never happen. Even a 10 race losing streak would be extremely rare - but, my gosh, after chasing a 10 race losing streak down while doubling up just to get back a little profit on your original bet?