After 24 days using Victorian non Saturday and non Public Holiday meetings the results show why chasing a loss can be diabolical.

>= 8 starters

1st opening fav
Bets 173
Bank $127.70
largest bet $14
longest losing run 10
current losing run 7 (chasing $46.30)
POT % = 28.2%
Win S/R = 31.2%

2nd opening fav
Bets 173
Bank $45.20
largest bet $88
longest losing run 16
current losing run 3 (chasing $128.80)
POT % = 0.05%
Win S/R = 18.5%

3rd opening fav
bets 172
bank $1611.60
largest bet $725
longest losing run 28
current losing run 0
POT % = 43.1%
Win S/R = 12.8%

With the losing run of 28 bets you turned a bank of $59.50 into a bank of -$2662.50. It needed a winning bet of $725 @$6.90 to turn the process around. You will continue at $1 bets for approximately the next 720 bets, assuming you do not get another winner - which is obviously a bit far fetched - before your bet size would increase.

All starters

1st opening fav
Bets 228
Bank $169.20
largest bet $59
longest losing run 9
current losing run 6 (chasing $59.80)
POT % = 16.7%
Win S/R = 30.7%
3 times the bank has entered into a negative state.

2nd opening fav
Bets 229
Bank $204.20
largest bet $56
longest losing run 16 (twice)
current losing run 3 (chasing $25.80)
POT % = 19.9%
Win S/R = 19.2%
5 times the bank has entered into a negative state

3rd opening fav
bets 227
bank $240.80
largest bet $95
longest losing run 20
current losing run 0
POT % = 30.1%
Win S/R = 15.9%
5 times the bank has entered into a negative state

If anything it would "suggest" following the process irrespective of the number of starters.

Any thoughts?