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TWOBETS 10th March 2013 11:38 AM

Don't think so UB
 
Quote:
Originally Posted by UselessBettor
That way the law of averages is working with your increased stake rather then against it.


It actually is irrelevant UB. The time to up the ante is when you know you have a winning system.

michaelg 10th March 2013 11:55 AM

UB.

I don't think I've mentioned it but I often increase the size of the bet after striking a loser if I'm at my computer. I've got no method to the size of the increase, just a gut feeling.

On Friday the method lost over $600 but with increased laying I won about $300, however it's nerve-racking, and yesterday I lost over $100 but ended up over $100 in profit. I have to tell myself that after about 3,000 selections the method is showing a healthy profit with a 98% strike rate, so that I don't feel too bad when increasing the bet size. Of course chasing losers could be a method-killer.

UselessBettor 10th March 2013 12:25 PM

Quote:
Originally Posted by TWOBETS
It actually is irrelevant UB. The time to up the ante is when you know you have a winning system.

It might be small in the long term, but pschologically I find it better to do it this way. Of course as you said if you do not have a winning system then there is no point uping the ante.

TWOBETS 10th March 2013 02:33 PM

Quote:
Originally Posted by UselessBettor
It might be small in the long term, but pschologically I find it better to do it this way.


Yes, I understand your point UB.

michaelg 10th March 2013 07:46 PM

A good day - from the 27 selections there were 27 smiles for a profit of $397.65.

michaelg 11th March 2013 11:05 AM

Today's selections:


Gosford
3/10,16

Orange
1/7, 11
2/8, 9, 10
3/14
4/1, 8
5/5, 6, 13

Morphetville
7/14

michaelg 11th March 2013 03:54 PM

A losing day - there was one accident from the 14 selections for a loss of $861.68.

Whenever I'm about to regain the existing loss, up pops another accident and puts the method back into the red.

michaelg 12th March 2013 11:18 AM

Today's selections:

Mackay
8/9

Muswellbrook
5/2
4/1,, 2, 5, 6, 11, ,12, 14

Coffs
2/9, 10,
3/4
4/9
6/12
7/17

Terang
4/5

I am reducing the liability to $333 just as a precaution in case reality is finally catching up with the method.

michaelg 12th March 2013 04:50 PM

The 16 selections became 16 smiles for a profit of $165.90.

michaelg 13th March 2013 11:18 AM

Today's selections:

Sale
3/12, 13

Dombeen
1/3
5/3, 12

Narrogin
2/9
4/11

Launceston
2/7
3/3

Strathalbyn
5/7, 8, 9


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