[corleone0828]

Has anyone actually ever tried one of those progressive betting schemes. I know the martingale is pointless at casino games but what about sports? This has probably been discussed somewhere all ready.

[LT Profits]

Martingale = Suicide

It may take a while, but you will eventually hit that streak that breaks you.

There is no betting scheme that will work in the long run. Either a flat % of BR or Kelly is the way to go.

[l7ustin]

What is martingale? I bet BR %...

[corleone0828]

What is BR%

[smitch124]

Originally Posted by l7ustin

What is martingale? I bet BR %...

Doubling your bet after you lose...

[l7ustin]

Originally Posted by corleone0828

What is BR%

betting a certain percent of your bank roll every time...

For instance 5% of your bet roll max bet...

Basically you are betting more when you are hot and less when you are cold...

[jjgold]

Martingale works only if there are no limits, but of course every type of betting has limits.

[LT Profits]

I think even 5% of bankroll is too aggressive in the long run.

[corleone0828]

What I'm asking is that I found one of those services that promise the world, gave it a shot and am doing pretty well so far. its based on either three or four game progression betting and I was wondering if anyone had tried this before?

[l7ustin]

Originally Posted by LT Profits

I think even 5% of bankroll is too aggressive in the long run.

Then what % do u think is the right amount?

[reno cool]

Originally Posted by corleone0828

What I'm asking is that I found one of those services that promise the world, gave it a shot and am doing pretty well so far. its based on either three or four game progression betting and I was wondering if anyone had tried this before?

Does this have to do with raising your bet on a particular team after it looses? Or raising any bet after you loose?

[LT Profits]

Originally Posted by l7ustin

Then what % do u think is the right amount?

I personally use 2.5% foi 99% of my bets, with the rare best bets being anywhere from 3% to 5%.

My previous post should have said 5% every play is too aggressive.

[LT Profits]

Originally Posted by reno cool

Does this have to do with raising your bet on a particular team after it looses? Or raising any bet after you loose?

It's a limited Martingale, doubling up over a four-game span only and then starting over if you go 0-4. It is still bad money management because the 0-4 streaks will kill you.

[corleone0828]

Is there a mathematical reason you use 2.5% or did you just find that to work best?

[eidolon]

I've looked around and seen that most people who have been gambling for a long time, usually say to use only 1 or 2% each bet. This is going from Blackjack, to Poker, to Baccarat, to Sports betting; and this is being said from Professionals and squares. Biggest reason is: the element of chance. Like everyone here, we bet on Sports. Being successful at this you have to hit over 53% of the time. Pros will hit 55-57% in the long run; if anyone says they hit 60%+ in the long run, tell them to blow you, because they are lying. I do believe a few people out there that don't bet tons of games, can hit 60%, but like most humans, we get greedy and we started to think they are invisible and start betting on more games, games that have lines that are too sharp. So if you plan on hitting 55% of the time, your bankroll will be up and down, up and down; During this time you will be down "x" amount units, and if you are losing 45% of the time, you can have huge losing streaks, and 5% = 20 units, can easily be reached, causing you to lose your whole bank role. The probability of losing 50-100 units when you are losing 45% of the time, is a lot less likely. It has to do with probability; I'm forgetting what theory covers this.

(I know I have bad grammar; sorry)

[pat venditto]

just martingale fade lt profits the guy never goes better than 50/50