[halofan]

Progressive systems are doomed to fail.
From His site:

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Rules of the system:

• Bet only on events with 1.91 (-110) or better odds. Do not randomly pick games with 1.91 (-110) or better odds. Always handicap the game and find the edge--play the side that has a win estimation of 50% or better. Best way to maximize profit is to bet on good underdog odds with a win estimation of 50% or better. My picks for this system have average odds of about 2.40 (+140) and because of this the system is highly successful.
• All bet amounts are for "risk", i.e. use the unit amount given in the bet table (bet1=1unit, bet 2=2.1units, bet3=4.41units, bet4=9.26units, bet5=19.45units, bet6=40.84units) regardless of the odd.
• Bet on the next game only after you are sure about the result of the previous bet. Whenever a bet wins, the next bet amount is bet 1 (1 unit). Whenever a bet is cancelled or voided, repeat the same bet amount on the next bet. Whenever a bet loses, use the progression until you win. If you ever encounter a six game losing streak, start over with a new bankroll.
• Do not change your unit amount until you have completed a successful session. For example, if you start at 1 unit = £10 with a bankroll of £770.60, you should remain at 1 unit = £10 until your bankroll is doubled (1 successful session). Now that you have double the capital, you may increase your unit size to £20 or you may withdraw half your earnings and increase your unit size to £15. Once you start with the increased unit size and bankroll, you should wait until you complete a successful session with the new unit size and bankroll before increasing it again. It is recommended that you select a desired unit amount and stick to it forever instead of increasing it after each successful session--increasing strategy is for those who don't have big bankroll to start right away at big unit size. It is highly recommended that you go no more than 1 unit = £100.
• Play only at safe and reliable sportsbooks.
• Never randomly pick a game. Always cap your games and play only valuable bets with good odds. It is highly recommended that you use my picks to minimize risk and to maximize profit because I have been doing this since 2006 without failing.

[johncrud]

His system is a failure. He lost his entire bankroll and his clients lost their shirts

[halofan]

His system is a failure. He lost his entire bankroll and his clients lost their shirts

According to his site results, it didn't just fail once, it failed 5 times for series 1 and 4 times for series 2. But how is he up so much with that many fails?

Series 1 Record
Last Update: November 18, 2009
Total Picks: 2309
Win-Loss-Void: 1106-1101-102 (50.25%)
Number of failures: 5 (-385.3 units)
Net Profit: +2702.29 units


Series 2 Record:
Last Update: November 18, 2009
Total Picks: 2106
Win-Loss-Void 1027-1001-78 (50.64%)
Number of failures: 4 (-308.24 units)
Net Profit: +1956.56 units

[halofan]

Also he is hitting just over 50% for both series. If he is playing + odd underdog like he claims then why not just make flat 1 unit bets on each pick instead of using progression. I tried martingale style in roulette table playing odd/even and red/white and it was a disaster. Never again.

[halofan]

I now see how he is making that profit. Since he had a promotion this week where you can get full year of picks at the cost of one month i took the bite. I have started playing the picks yet but I can see how he gets profit even with all the failures.

If you read the system, there is this rule where you Risk the bet regardless of the bet. The bets are always as follows: Bet 1 = risk of 1 unit. Bet 2 = risk of 2.1 unit. Bet 3 = risk of 4.41 units. bet 3 = 4.41 units. bet 4 = 9.26 units. bet 5 = 19.45 units. bet 6 = 40.84 units.

The risk amount is always same regardless of the odds and he always plays + odds. So when a bet wins in a later stage you win LOT MORE than "what you lost + 1 unit". He asks you to return to bet one if bet 6 losses...instead of chasing for 7th bet. So you get ****ed if you lose 6 in a row in the first few weeks unless you have a backup bankroll. After the first month your bankroll would have already doubled so you are in the safe zone.

The funny thing is because of the system works and the odd works, he makes the most profit when the winning % of his picks are low without losing 6 in a row. For example if he had 5 picks at +150 odds, you make the most money when you lose the first four and hit the 5th bet....more than what you would make if you get all 5 right because if you get all 5 right you are only risking 1 unit on each bet.

In his record for the last 2 years he is hitting slightly over 50% for his system picks, I think its better to play all his picks at just flat 1 units because the ROI will be higher since his average odds of the picks are +130. In the picks that he sent so far to me the average odd is much higher. Take a look at the picks for both series for the system....and when he picks the games he makes sure that they dont overlap (he would pick like an early game and a late game...or if its weekend, afternoon game, evening game then night game)...take a look...

System Series 1

Bet #2324: Nov 26: NCAAB: Texas A&M - Clemson
Texas A&M win (+227)

Bet #2325: Nov 26: NCAAB: Portland - UCLA
Portland win (+166)

Bet #2326: Nov 27: NCAAB: LSU - Arizona St
LSU win (+131)

Bet #2327: Nov 27: NHL: San Jose - Edmonton
San Jose -1.5 (+188)

Bet #2328: Nov 28: NHL: NY Islanders - New Jersey
With Ot: NY Islanders win (+165)

Bet #2329: Nov 28: NHL: Washington - Montreal
With Ot: Montreal win (+120)

Bet #2330: Nov 28: NHL: Edmonton - Vancouver
Vancouver -1.5 (+135)

Bet #2331: Nov 29: NFL: Jacksonville - San Francisco
Jacksonville (+158)


System Series 2

Bet #2122: Nov 26: NBA: Orlando - Atlanta
Orlando win (+150)

Bet #2123: Nov 27: NHL: New Jersey - Boston
With Ot: New Jersey win (+115)

Bet #2124: Nov 27: NHL: Chicago - Anaheim
Chicago -1.5 (+210)

Bet #2125: Nov 27: NHL: Detroit - Calgary
With Ot: Calgary win (+120)


Bet #2126: Nov 28: NCAAF: Clemson - South Carolina
South Carolina win (+139)

Bet #2127: Nov 28: NCAAB: Louisville - UNLV
UNLV win (+141)

Bet #2128: Nov 28: NCAAB: Missouri St - Tulsa
Missouri St win (+200)

Bet #2129: Nov 29: NFL: Houston - Indianapolis
Houston win (+146)

[Bakerdew]

keep us posted how it is going. Hope you do make money

[keel44]

Please keep the picks coming. I am very interested.