When it comes to horse betting, or any other kind of bet, any apart from flat bets is actually the result of a progression . . . But the subject of the following article (as it is) quite controversial: raising bets following losses.
“Gamblers Ruin” is a word (not so scary as it is) used to indicate the loss of bankrolls for betting. Although it’s something to avoid at all costs – it’s not actually it’s the “ruin” that is the horse betting bettor, but it can make him lose betting until a fresh betting bankroll is put together. slot online
The best method to “Gamblers ruin” is to use the well-known “Martingale” technique of double the amount after every loss. One who sticks with one of the even-money bets – like Roulette and Blackjack – is operating at an 1.5 percentage disadvantage. If the player has a massive account and begins with the minimum amount bet then he may be capable of making a “Martingale” betting strategy work for a few days or even weeks but who is to say?
In the end, sooner or later it is inevitable that a long and gruelling losing streak is likely to develop that can push the gambler out of his ability to bet again or because his account is drained to the max or simply because there isn’t enough courage to place the bet.
Example: Let’s say that the minimum bet he can place is $5.00 And he experiences an unbeaten streak of 15 consecutive losses. Here are the bets that must be placed to double up for every loss:
5 – 10 – 20 – 40 -80 – 160 – 320 – 640 – 1280 – 2560 – 5120 – 10,240 – 20,480 – 40,960 – 81,920
. . . And betting number 16 will be worth $163,840 in order to get back his initial $5.00 bet. And he would end up with only $5.00 in revenue! !
The absurdity of it is evident.
When betting on horse races the long-lasting lose streak of fifteen races isn’t unusual for bettors on wins especially if you’re after the horses with higher payouts.
Then, if you played just 4-5 1, 1-1 and 6-5 kinds to simulate the bets on even money roulette 15-race streaks could never occur. Even a 10-race losing streak is very unusual – but how can you possibly chase the streak down, why not double up to earn a tiny profit from your initial bet?
Your return on investment will be abysmal!
The player may, however reduce their stakes from an initial “doubling in” gambling mode. A variety of variations on this concept have been proposed before the concept is as follows:
Choose a horse with a high winning percentage , say 35% or greater. Place a bet on it until the average length of losing streak is encountered for example, 5 races then only start the betting process. You continue the progression until you’ve “cleared” the sequence in the sense of i.e. you have recovered your losses and made profits.
However, those images continue to come back – of the Martingale madman sweating blood while he gets up to place the next “bridge jumper” betting bet to get back to EVEN!
For safety reasons it is recommended to have an overall winning (hit or strike ratio) ratio that is higher than 40 percent (even 50 percent) is more secure. You must be confident that this percentage is reliable prior to implementing the process described below.
This pretty much restricts the way to place as well as show bets.
Let’s suppose you have an excellent handicapping technique which has 32% winners on an average $7.60 muzuel. You’re generating a fantastic ROI of approximately +21 percent.
The same horse bet could be expected to win or even place (pay in place) approximately 60 percent of the times. The place bet will be paying $3.80 in the an average. This is the ROI calculated this way 60 winning bets of 100 will pay you $3.80 and you get $228 back on a bet of $200 = +44 percent ROI.
It’s not a great way to boast about it However, a gambler could use a method that could boost this ROI so that he can earn an impressive winnings from betting on horse races If he wanted to do it . . .
How to do it:
If we assume an average of 60% winning races on average loss streaks between 2 or 3 are fairly common . However, streaks of 4 or 5 are rare and streaks of losing six or more are not common.
The bet on the race would begin his progress only after 3 consecutive losses were incurred. It is extremely unlikely to suffer another loss consecutively (i.e. 7 straight losses).
Because the majority of wins (recoveries from the betting sequence) occur shortly after the beginning of the series of progression – we could increase our bet series very quickly initially and then gradually taper back once we’ve established that we’re on the middle of one those “blue moon” losing streaks that last more than eight races – when that happens.
The progression of betting that begins after the third loss
Two units and four units six units and eight units 9 units. 10 units 11 units twelve units.
If you get the second payoff at any point in the series, you are able to drop one.
Then you lose one for every winning.
If you are unable to complete the series prior to “clearing” the entire series, you can start the series at that point.
If it is time to “clear” your series, that is to say you earn a profit of at least three units (the total loss as of the point at which the series started) You then go back to a one-unit bet.
Here is an example of a place bet series:
Let’s suppose a base wager unit of $20.00
Bet #1 = 1 unit/ win pay $3.60
Bet #2 = 1 unit/ win is $4.20
Bet #3 = 1 unit / loss
Bet #4 = 1 unit/ loss (remember that we are betting flat up to 3
Losses in the same row)
Bet #5 = 1 unit / loss
Bet #6 = 2 units/ loss (progression is beginning here)
Bet #7 = 4 units per win pay $3.00
Bet #8 = 6 units/ win pay $3.00
Bet #9 = 4 units/ win pay $3.80
Bet #10 = 1 unit/ win will pay $5.00
It’s 6 wins in 10 plays, 60% of according to our projection. The average return was $3.76 which is a bit less than the $3.80 estimate.
Flat bet – this series would have resulted in this:
– 10 x $20.00 = $200.00 total race bets
The returns of $36.00, $42.00, $30.00, $30.00, $38.00 and $50. This totals $226.00
– a net of $26.00
– ROI = +13%
After applying the process the outcomes were as follows:
Bet 23 units equals $460.00 total bets on races
Back out, there were refunds of $36.00, $42.00, $120.00, $180.00, $152.00 and $50, for the total amount of $580.00
– a net of $120.00
– ROI = + 26%
It is possible to think, “Why play this place progression and put my bankroll in danger instead of playing the horses that win – simply bet a little more and earn an annual +21% ROI?”
We’re not recommending this strategy as it’s riskier. A few may be enticed to give it a go.
If the bet sequence ran out in the form of a “blue moon” negative streak, the gambler is at risk of losing:
Two units. Four units 6 units, 8 units. nine units 11 units, 12 units which is an amount of 62 units. At $20.00 this is $1,240.00
To take on that risk that horse race betting brings, the bettor is likely to see a significant improvement in the bottom line ROI over the long run (it occurred to double in the case above) In addition, he could invest the money in the place pool, thereby protecting his winnings from the impact of his own betting.
It could also be a great option to add on this “portfolio.”
It is important to note that this kind of horse betting progression comes with greater risk, so we would not recommend it to anyone.
For those who may be interested, the cautionary note:
You need to be sure of the reliability of the percentage of your horse’s betting success. This type of trust can be lost if you don’t have the actual results of your betting for , say, five hundred races!