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(09-10-2015 01:03 AM)nongeekywebdude Wrote:  

(09-09-2015 06:34 PM)Goodfellaz Wrote:  

(09-09-2015 05:54 PM)nongeekywebdude Wrote:  this will work, have tried similar in the past. However, whenever you are using a martingdale system to recover losses as in this system, a run of losses can be crushing. Even though your bets will lose (win) 60-70% of the time, you will be amazed how often you get runs of 5,6,7 or 8 losing bets in a row where your losses (and therefore stakes) increase exponentially. Think of that old fable about doubling the grain of rice on the chess board to understand how scary a losing run can be and how big the stakes get very quickly! The author of this system mentions a 10 bet losing streak that happened a few years back, the size of the stake required for that 10th bet to get back into profit would be absolutely huge!

I think with the staking plan mentioned in this system and assuming a £500 bank a 7 loss run could wipe out the entire betting bank in a day unless you drastically reduced stakes when you started losing as he recommends

That 10 losing streak happened once in 16 years. We're also not dealing with a random roulette wheel. Horse racing favourites statistically lose 2/3 times, so it will be consistently profitable.

no, you cannot guarantee that, just because a 10 horse losing streak happened once in the last 16 years does not mean you cannot have an 11 horse losing streak tomorrow, or a 12 losing streak, or a string of 6,7 or 8 losing bets within a short space of time.

Past performance is no guarantee of future performance, this is why so many lose so much when gambling. It does not matter what happened years ago or yesterday, that has no influence on todays outcome.

That being said, if you have a bank which can take a 10 losing streak hit and still have enough funds to make that 11th bet, you will probably be OK, but there are no guarantees with any martingale method.

That's why you just cannot start using this method by betting blindly.

It is common sense to bet in a market that you are very familiar with, for example, if, like me, you are a big footie fan, then get to know the teams and the leagues you are betting in, know them inside and out.

Although shocks do happen, you'll find that they will happen less when you are knowledgeable in that particular market, as you will be betting on teams that you know are in or out of form, for example.

[Goodfellaz]

(09-10-2015 01:03 AM)nongeekywebdude Wrote:  

(09-09-2015 06:34 PM)Goodfellaz Wrote:  

(09-09-2015 05:54 PM)nongeekywebdude Wrote:  this will work, have tried similar in the past. However, whenever you are using a martingdale system to recover losses as in this system, a run of losses can be crushing. Even though your bets will lose (win) 60-70% of the time, you will be amazed how often you get runs of 5,6,7 or 8 losing bets in a row where your losses (and therefore stakes) increase exponentially. Think of that old fable about doubling the grain of rice on the chess board to understand how scary a losing run can be and how big the stakes get very quickly! The author of this system mentions a 10 bet losing streak that happened a few years back, the size of the stake required for that 10th bet to get back into profit would be absolutely huge!

I think with the staking plan mentioned in this system and assuming a £500 bank a 7 loss run could wipe out the entire betting bank in a day unless you drastically reduced stakes when you started losing as he recommends

That 10 losing streak happened once in 16 years. We're also not dealing with a random roulette wheel. Horse racing favourites statistically lose 2/3 times, so it will be consistently profitable.

no, you cannot guarantee that, just because a 10 horse losing streak happened once in the last 16 years does not mean you cannot have an 11 horse losing streak tomorrow, or a 12 losing streak, or a string of 6,7 or 8 losing bets within a short space of time.

Past performance is no guarantee of future performance, this is why so many lose so much when gambling. It does not matter what happened years ago or yesterday, that has no influence on todays outcome.

That being said, if you have a bank which can take a 10 losing streak hit and still have enough funds to make that 11th bet, you will probably be OK, but there are no guarantees with any martingale method.

If you look at the daily stats, the majority of horses that drop below 2.00 do not win the race.

[retrokitz]

He it is if anyone interested: http://www43.zippyshare.com/v/gGcTstb9/file.html

[nongeekywebdude]

(09-10-2015 01:51 AM)Goodfellaz Wrote:  

(09-10-2015 01:03 AM)nongeekywebdude Wrote:  

(09-09-2015 06:34 PM)Goodfellaz Wrote:  

(09-09-2015 05:54 PM)nongeekywebdude Wrote:  this will work, have tried similar in the past. However, whenever you are using a martingdale system to recover losses as in this system, a run of losses can be crushing. Even though your bets will lose (win) 60-70% of the time, you will be amazed how often you get runs of 5,6,7 or 8 losing bets in a row where your losses (and therefore stakes) increase exponentially. Think of that old fable about doubling the grain of rice on the chess board to understand how scary a losing run can be and how big the stakes get very quickly! The author of this system mentions a 10 bet losing streak that happened a few years back, the size of the stake required for that 10th bet to get back into profit would be absolutely huge!

I think with the staking plan mentioned in this system and assuming a £500 bank a 7 loss run could wipe out the entire betting bank in a day unless you drastically reduced stakes when you started losing as he recommends

That 10 losing streak happened once in 16 years. We're also not dealing with a random roulette wheel. Horse racing favourites statistically lose 2/3 times, so it will be consistently profitable.

no, you cannot guarantee that, just because a 10 horse losing streak happened once in the last 16 years does not mean you cannot have an 11 horse losing streak tomorrow, or a 12 losing streak, or a string of 6,7 or 8 losing bets within a short space of time.

Past performance is no guarantee of future performance, this is why so many lose so much when gambling. It does not matter what happened years ago or yesterday, that has no influence on todays outcome.

That being said, if you have a bank which can take a 10 losing streak hit and still have enough funds to make that 11th bet, you will probably be OK, but there are no guarantees with any martingale method.

If you look at the daily stats, the majority of horses that drop below 2.00 do not win the race.

yes this is true, the majority do not win the race, but that fact will not help you if you get a losing streak of 10 or more races, which could happen anytime. (as could 6,7, or 8 losing runs coming almost right after each other)

A 70% strike rate still means 30 losing bets every 100, if those 30 are evenly spaced out no problem, but if you get 10 or more in a row, you are bust and lose everything. Unless you limit your losses by reducing stakes on losing streaks, which means no consistent profits, but hopefully a profit over the long term if you avoid too many bad runs.

Remember your stakes increase exponentially to cover losses with this system, essentially you are doubling up on every loss. Even if you win more bets than you lose over time, you can still bust your bank with too many losses in a row.

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(09-10-2015 01:43 AM)philoakey Wrote:  

(09-10-2015 01:03 AM)nongeekywebdude Wrote:  

(09-09-2015 06:34 PM)Goodfellaz Wrote:  

(09-09-2015 05:54 PM)nongeekywebdude Wrote:  this will work, have tried similar in the past. However, whenever you are using a martingdale system to recover losses as in this system, a run of losses can be crushing. Even though your bets will lose (win) 60-70% of the time, you will be amazed how often you get runs of 5,6,7 or 8 losing bets in a row where your losses (and therefore stakes) increase exponentially. Think of that old fable about doubling the grain of rice on the chess board to understand how scary a losing run can be and how big the stakes get very quickly! The author of this system mentions a 10 bet losing streak that happened a few years back, the size of the stake required for that 10th bet to get back into profit would be absolutely huge!

I think with the staking plan mentioned in this system and assuming a £500 bank a 7 loss run could wipe out the entire betting bank in a day unless you drastically reduced stakes when you started losing as he recommends

That 10 losing streak happened once in 16 years. We're also not dealing with a random roulette wheel. Horse racing favourites statistically lose 2/3 times, so it will be consistently profitable.

no, you cannot guarantee that, just because a 10 horse losing streak happened once in the last 16 years does not mean you cannot have an 11 horse losing streak tomorrow, or a 12 losing streak, or a string of 6,7 or 8 losing bets within a short space of time.

Past performance is no guarantee of future performance, this is why so many lose so much when gambling. It does not matter what happened years ago or yesterday, that has no influence on todays outcome.

That being said, if you have a bank which can take a 10 losing streak hit and still have enough funds to make that 11th bet, you will probably be OK, but there are no guarantees with any martingale method.

That's why you just cannot start using this method by betting blindly.

It is common sense to bet in a market that you are very familiar with, for example, if, like me, you are a big footie fan, then get to know the teams and the leagues you are betting in, know them inside and out.

Although shocks do happen, you'll find that they will happen less when you are knowledgeable in that particular market, as you will be betting on teams that you know are in or out of form, for example.

No, this is a numbers system, not based on skill or knowledge. The system will work with no knowledge of the events - as long as you don't have a big losing run which busts the bank.

if you know football well enough to predict the outcome with some success, then you have no need for systems such as this.