Horse betting progression...

[swghost]

This is a copy and pste from another site. Does this sound right to anyone? Smooth, what about your professional opinion...

Welcome to my betting plan page. Each day I am going to post a number of selections that I really like (best bets) and am going to incorporate them into my betting plan. I use a progressive betting strategy which I will outline here. I am going to run this for May, free of charge, and see the results.

THE PLAN

Nothing really new here. We start out with an amount we would like to win each race (OBJECTIVE). This will depend on your bankroll, because if you get on a losing streak, the bets can add up quickly. For the purposes of this month, I am going with a $2 objective.

In your first race, the bet is always $2, if you lose, then you follow this plan

OBJECTIVE + previous wager + $2 = New Objective, in this case $6.

In you next race, it will be OBJECTIVE ($6) divided by the odds of your next selection (round UP to the closest $2). So if our next horse is 8/5 at post your wager would be $6/ 1.6 =$3.75 rounded up $4 bet. If that loses then next bet is OBJECTIVE $6 + previous bet ($4) + $2 =$12 (new objective). When one of your selections finally wins, you will make back all the money you have bet PLUS a little more, so it only takes 1 win to be in profit.

HERE IS A TABLE OF HOW IT WOULD LOOK

Objective Odds Wager Payout +/-
$2 3-1 $2 loss
$6 8-5 $4 loss
$12 2-1 $6 $6.20 +$4.60


After a win, the objective returns to $2

[smooth53_98]

I have heard of several progressive systems... I even tested one out on paper for quite a long series. Here's the thing, you have to be pretty good at picking every race on the card (at least how the progression I experimented with worked). I generally found that it was really hit or miss... you could hit 4 or 5 winners on a card and be out a lot... especially if you only hit the early races and took a bath late.

The way the one I played with worked was this:

You play series... (with 3 plays in each series)
1st series - 2,4,6
2nd series - 4,6,8
3rd series - 6,8,10
4th series - 8,10,12

You start off with series 1... $2 first bet... if you lose, you go to $4, then to $6.... if you win either the 2nd or 3rd bet, you go back to the beginning of the series ($2)... if you lost the 3rd bet, you would move on to Series 2 and your next bet would be $4... if you lose $6, but if you won, you would return to the beginning of Series 1 ($2).

I honestly don't remember from who and where I picked that up. I have just never found progressive betting to be a great idea on a full card of racing... however I have a friend that plays a progressive betting thing on the plays I post here... I think he starts with $2, then doubles each successive wager until he wins, they he goes back to $2.

Personally, I stay away from progressive betting... a bad run will kill your bankroll real fast.

-smooth